All Forum Posts by: Cindy Mastin

@Steve Rozenberg

Thanks so much!

What a great list of questions!

Thank you very much for taking the time to help me out! Greatly appreciated!!!

@Nathan G.

I cannot tell you how helpful all of your input and advice is! You gave me lots to think about. Thanks again for taking the time to help me with this!

@Nathan G.

Great info! Thank you so much for all the questions to consider!

I really appreciate the advice and offer for additional assistance too!

Looking for recommendations from past or current investors for an experienced PM company near Detroit.

Has anyone worked with

West Bloomfield Properties?

TIA!

I have always covered my previous investment deals with either cash or conventional financing. This is the first time I'm exploring using private money or hard money. What do you consider to be fair terms when working with a hard money lender?

Interest Rate?

Points/Fees?

Do you recommend interest only (as the buyer)?

How is the monthly loan amount figured? Example: $50,000 on a 5yr. with a 10% interest rate. That would not be $1,000/mo, right? It would be factored over 30 years, correct? This is where I'm getting confused. Figuring out what my monthly payment would be.

@John Mocker

WOW! Great info!

Thank you!

@Mike McCarthy

Good to know!

Thank you!

@Cameron Tope

Awesome. Thanks!

@Matt Moylan

Great! Thank you!

@Sam Shueh

Thanks. I am aware if that but was curious about additional liability.