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Hi,General question about prospective tenant screening for commercial space: If a new applicant comes in, and their business doesn't really have enough history to have a good background picture (e.g. new biz), is usin...
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Hello,
My wife and I have recently purchased our first property, and started our LLC. We have been using our own money to upgrade the property to increase its value. But this limits the amount we can put toward purc...
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Just got denied lending from a supposed HM lender due to the source of the down payment coming from a personal loan. I understand the risks, regarding the method of using a loan to get a loan, but was told that Hard M...
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I’m consIderIng selling a rental SFR with seller financing and have a couple of questions.
- who do I need to write the note (originate?)
- can I use some percentage of that note as collateral for getting another lo...
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Hello,
Is the 20% down payment guideline a fixed rule across the industry? Or, is it possible to get a mortgage on rental property for a smaller percentage down payment? (maybe 5-10%, or even *gasp* no money ...
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Hello BP, Looking for ideas or feed back!So I own 8 properties just outside of Boston, all being rented out as sober living houses. The cash flow is awesome, so good I don't mind paying market value or a little over. ...
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Hi,
I was interested to see how much a borrowers track record should matter when you are thinking about lending on one of their properties.
If a borrower seems trustworthy and has a long, flawless track...
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For the sake of clarity, I am using simplified round figures...
I took out a six-month hard money loan to improve a property I already owned in my personal name (paid cash) for $100,000 nominally, with 5 points orig...
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Greetings Pro Members,A person I have known for five years and who early on in my career acted as both a mentor and coach for me got me interested in being one of several private investors in a high end flip he and hi...
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I’m looking for a private money lender and one person gave me their info via FB to start applying, but I don’t know how to know if this person is legitimate and not a scammer once he gets my info. He says all he needs...