All Forum Posts by: Baltazar Nunez

I see, thank you to steering the way.

my client has done only 1 flip. They took about couple of years to flip, because they did it all cash.

Financially they are solid!

credit wise, they are not as strong.

I know these are also vague details, but I wonder if they would help a bit.

thank you,

Quote from @Jason Taken:

Quote from @Baltazar Nunez:

A real estate agent, and I am trying to help my client decide whether he should finance or not.

I have a a summary of financing fees and charges for this deal. These will be a $85,000 distressed property with a $102,000 Rehabbing cost and they after repair value would be $255,000.
the financing fees, my client is thinking that he might be better off paying cash for everything instead of financing, but he’s thinking he should do it just for the learning and to allow his company to build credit

from my perspective I just would like to know if these fees are right on point or if they are expensive. let me know your thoughts thank you in advance.

There really isn't enough context here to determine whether this is "high." Many will say it is, but what we're not seeing is the collateral, credit, character, or experience of the borrower. Most will probably say its high without knowing what other variables are at play here though.

0 Votes

Chicago, Illinois

A real estate agent, and I am trying to help my client decide whether he should finance or not.

1 Vote

Chicago, Illinois

All Forum Posts by: Baltazar Nunez

Baltazar Nunez has started 1 posts and replied 2 times.

Post: Lender Fees and Financing, is this a good option?

Post: Lender Fees and Financing, is this a good option?