7 October 2021 | 1 reply
Private money for purchase and rehab then will BRRRR.
8 October 2021 | 4 replies
If you would rather your physical address be kept private, I would recommend using a registered agent so that their address will be used and not your own.
7 October 2021 | 2 replies
Congrats, Heather 👏 Next step is to get out of the FHA loan and avoid paying the Private Mortgage Insurance (PMI).
13 October 2021 | 21 replies
@Steven Harris that is a hard sell but with $30K in savings as collateral you may be able to go to a private lender; however, you are going to have to add a member to your LLC or Corp with a job ; especially since you are new and can not produce a schedule of real estate owned.Most private lenders that I know or have worked with say that the asset is the main pull as far as credit during analyzing the deal; therefor, you have to have a strong deal that makes you money and able to communicate how you are going effectively monetize the project, in the form of an executive summary.I remember at one time some lenders were doing 80/100, 80%LTV and 100% rehab, I do not know if they are still doing that, I will have to reach out to some of them to see their parameters these days.
8 October 2021 | 4 replies
Private money for down payment and traditional financing for the rest.
8 October 2021 | 0 replies
Used private funds. after refi, the left 16,000 in the deal.
8 October 2021 | 2 replies
Banks and private lenders therefore want a cosigner.Â
15 October 2021 | 3 replies
Private lenders?
8 October 2021 | 3 replies
If you want to keep some equity in the property you can always get a loan against your next investment property to get the funds however you will need money for the down payment unless you are working with a private investor.Â