All Forum Posts by: Caesar Barona

Rates are 7-10% is that good enough?

@Benjamin Hurwitz

 Let's say the terms are acceptable, how do people pay it back if the bank offers 80% refinance or homeline? How to get the rest 20%, any special loans that can be tapped?

I am looking at an apartment selling for 1.3M. It has 4 units, 19 rooms total renting at $700 per month each, with no repairs or renovations needed.

Is it a good idea to accept 100% loan from a hard lender offer? How would you refinance the deal? The banks only offer 80% refinancing.

I'm currently  renovating a second property, and may be cashed out soon. I'm using lines of credit at this point.