5 December 2024 | 5 replies
Those lenders that can do construction loans or commercial fundings.
6 December 2024 | 11 replies
It’s a sales pitch for you to invest with them at extremely lucrative rates for them.
6 December 2024 | 4 replies
I've seen where people add so many loan extensions with optional payment.Say 1k gives you a 1 or 2 year extension and this can be done 4 or so times.This agreement could be changed so many ways to make it work.You could offer a higher interest rate after 7 years to extend to 15 years.
6 December 2024 | 4 replies
It’s a solid option if you’re confident about refinancing before the higher rate kicks in or if you want to save more month-to-month early on.Option 2 (3.5% DP, Permanent Buydown): Lower upfront costs free up cash to invest elsewhere, and the 5.4% permanent rate adds predictability.
6 December 2024 | 3 replies
Quote from @Sam Epperson: let's say I come to an agreement with the seller for them to finance some of the deal. let's also pretend the seller owns it with no debt, and we agree to 5% down, 5% rate, and 10 year balloon. how are we drafting this legal document?
6 December 2024 | 2 replies
I fund a lot of folks that do this. its just wholesaling dirt .. nothing sinister .. some try to actually buy it others try to tie it up and assign contracts.
6 December 2024 | 3 replies
So, if you're looking to email your investor clients to try and raise funds, I'll have to warn you that it could very easily get your account shut down almost instantly with Mailchimp.
6 December 2024 | 4 replies
Since you're starting with limited capital, consider exploring creative financing options like partnerships, private money, or seller financing to fund your first deal.
6 December 2024 | 21 replies
To me this means a 2-3 bd single family home in a high B / A area and saving a big emergency fund.
6 December 2024 | 6 replies
We have a member of our team called the "Resident Success Coordinator" whose job is solely this. 2) Flat-rate management- We are not a percentage-based company.