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2 September 2021 | 2 replies
not any license I am aware of.. you will want to discuss this though with an attorney in the state your operating regarding setting up a security.. especially if these are folks that are not in your inner circle.
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20 October 2021 | 2 replies
The Fund purchased 11 first position, non-performing notes with $2,519,522 in Unpaid Principal Balance (“UPB”)The properties that secure these notes are located in Illinois (5), New Jersey (3), and Florida (3).
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2 September 2021 | 2 replies
If the source of funds used to acquire the property was an unsecured loan or a loan secured by an asset other than the subject property (such as a HELOC secured by another property), the settlement statement for the refinance transaction must reflect that all cash-out proceeds be used to pay off or pay down, as applicable, the loan used to purchase the property.
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5 September 2021 | 5 replies
With inflation, I've heard that it's best to collect debt secured in assets, but I want to know what y'all think of that statement?
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4 September 2021 | 0 replies
Here’s a quick look at four areas that frequently present security issues in multifamily units, such as apartment and condo complexes:PARKING LOTS/GARAGESBe it a luxury model or basic transportation, motor vehicles are essential to many residents’ lives.
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5 September 2021 | 26 replies
If they want to do short term financing then something like 10% down, 5% interest only payments for 2-3 years with cash out refinance if they want more cash up front to feel more secure!
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4 September 2021 | 1 reply
That way our monthly rent was secured.
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6 September 2021 | 4 replies
Unfortunately I do not get paid for this work, I can not charge it against their security deposit.
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21 September 2021 | 14 replies
If you're bringing in investors, be sure to break out their projected return from yours, and of course do the deal in a securities compliant manner.
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5 September 2021 | 2 replies
Basic summary, I'm securing an off-market deal on a SFH that has a 10+ year tenant (on a month-to-month lease) who is paying well under market rent.