All Forum Posts by: Chris Cambridge

At $500K some people are not even wanting to talk single digits let alone below that 8%. You have to be stellar and go full doc. I'm not saying it's not there but your offer should have less headache.

Might have one or two in the arsenal lying about

@Binod G. the bridge rates should be the last thing to complain about. Execute a plan to add value and get into stable money. What good is a low rate if the deal doesn't close?

~17% is vacant by units. What % is vacant by sqft?

If the you are financially strong and credit is on point expect to have 3-5% offers where the LTV is at 65%. 4.25-6.25% if you expect 75% LTV. Just cut the chase and put it in an LLC.

Every state has different fees/taxes associated with closing. Check the state the property is located in to find out. Other than that it's just lender fees and/or broker fees. If you want a more technical answer the lower your loan the higher the fees because they tend to be fixed costs. 

There is a card program where you use it like LOC

You should be able to get a 30yr/30am at around the same rates and 5yr/30am for less. Keep in mind programs are different and your credit, liquidity, property cash flow and condition influence the transaction. 

Nice strategy don't know if it's a one off or you starting to do roll ups. No direct sources but I'm interested to know feedback from here.

Welcome you never know where relationships take you. Let's connect