Why is it so hard to get funding strictly in your business name? Is it required to put down your information alone with your business information? I am starting to hear banks ask to run your personal credit alone with...
I have my purchase agreement contract. I was planning on doing a double close. I am no looking to assign that contract. The contract doesn't include "and or assigns", can it still be assigned? Also does the assignment...
I have found lately that the number of applicants to my units has dropped significantly. For this reason, once I have someone approved, I want to send the lease for signature with a short time limit, so I can quickly ...
For those investors here that use private money, how do you show proof of funds when submitting an offer? Do you have your private money folks give you the money first and use that as your proof of funds. Or do you...
My business partner and I have begun to seek out larger sums of capital to invest with. We have recently started looking at the possibility of (small) business loans to help fund our down-payments. We have been told t...
If I'm not mistaken, double closing is essentially I enter a contract that includes person A - person B (me) that only involves the rights to the property not the property itself, then once that's complete, I would se...
12% APY for our Private Lender on this deal.
100% passively.
We borrowed the funds, we fixed the property
We sell it when it's beautified.
I love thinking about it.
Instead of sitting in a CD at 5% int...
Set for Life by Scott Trench is our June title. What did you like? What needs more clarification? I'll even tag @Scott Trench in this post so he can answer your questions.
To start as a private money lender, educate yourself on real estate investing and lending practices, define clear loan criteria, and conduct thorough due diligence on borrowers and properties. Draft precise agreements...
We may have up to 500k in equity in a rental house that we plan to sell. I found a multi unit property in an opportunity zone. Where do I go to find out how the tax deferral works? I’ve read up on it but am a bit o...