Financing and Credit

This can be a learning peice for any who have EDGE '09 information.
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Been hoping for a reply from you regarding the advice you gave to us on the
THE EDGE 2009 DVD's ... (re: building business credit for a LLC)

I followed your instructions to the letter. It did not work.

Thanks,in advance.
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I am not sure why this did not work for you.

What I can give to you or to anyone else that is looking to create business credit using the information I gave during EDGE '09 is to work with smaller banks.

Taking the idea that Matt teaches you can call banks with branches of 5 or less and this will have better success.

Hi

I have a quick question..Can you incorporate a business and take a loan out in the Corporations name to purchase real estate? I have crappy credit.

Thanks

Found this article, and wanted to share!
"There is No Due on Sale Jail"

By Bill Bronchick

The “due-on-sale” clause is probably the most talked about, feared and misunderstood topic in real estate. This article will dispel any misunderstandings you may have about the due-on-sale and suggest a simple, yet effective strategy to get around it.

What Is the Due-on-Sale Clause?

I know we can do this.
I want to buy a house that is listed for $12,900. It was assessed at $96,000 in 2009. I have no money to put down but we do own a small piece of land. Should I apply for a line of credit on the land to buy the house?
I am a mobile dog groomer, have been for years but we are new here so we are still building the business. Point is the bank statements will only show a very small amount of income. More cool hobby than income.
My husband is in construction so that has been on again off again in terms of income to show a bank.
There must be a way to do this with the tools I have.
Think!

Lauri

Can someone tell me a good way to write up a loan proposal for an angel investor? I have found a website where you can submit a proposal to angel investors in the midwest area for start-up capitol for your business and such, but I have never done this before and was wondering if anyone on here has, and could you please offer some advice on what to write to be seriously considered by an angel investor. Thanks for taking the time to help.

I am wondering if there are any angel investors on here that would like to earn a 10,15,or 20 percent return on their real estate backed investments?

Has anyone had any experience with this company, or the owner Geoge Jay?

Found a site that will work on deals
ABC double closings includes all costs
Has anyone worked this type using this Co.
Open for Ideas ??
Tempofunding site

George

I've just got my first contract with a seller to purchase a condo which I'm super excited about. However, I'm running into financing issues. I've tried to finance this property through conventional loan but it got deny due to HOA fees were above 15% delinquencies. Hard money lenders won't work with me due to the state I am in. Family and friends are afraid to loan me money due to tax implications.

It seems I'm running out of options. Please advise!

Ok Guys ,

I've been alot of talk but had my heart broke tonight, for the last couple of weeks I have been really happy because I have been taking the steps to freedom. Tonight I just had to secure the financing and I would have had deal one. Talk to my property manager down there everything is good to go.

I called a broker tonight to learn it is almost impossible to get a loan for under 50k on an investment property. Deal Dead?

Deal
condo 2bds 2baths pool in good neighborhood
built in 1984

Est Value:64k
Asking:34k
Offer:30k accepted
Cash:6k down

rent:725
mort @ 5% 24,000: 135
Hoa:150
tax:75
Ins:75
reapir fund(just in case):105
property man:60

Income after:$125 a month