All Forum Posts by: Barrington Duncan

J Scott @Sorab Gakhar

Dawn Anastasi I seen you used Aimloans before on one if your rental properties. I have a townhouse I'am interested in Purchase price $73,000 $14,000 below assessment value. My credit is ok about a 715 in that area. I checked with aimloans website and rate: 5.250% points:0.671% APR:5.608% fees:$3924 payment:$403 Now is the fees the down payment or do I still have to put a down payment with these fees? Rent in these area is about $825-$950 can you break this down for me?

Chris Martin thanks for the information!

I Just heard about this company name aimloans has anyone did business with this company?

Minh L. Thank you for your time!!

Minh L. Brian Bassett

@Minh L. I'm looking for the best terms and price. Seller is not willing to carry back. So with the operating cost being 30% , is this room to get the price dropped?

@BrianBassett Looking to buy and hold

TERM:

1-3 years My Lenders terms

AMORTIZATION:

Interest Only

LENDING AREA:

United States

COLLATERAL:

All types of real estate considered

LOAN AMOUNTS:

$1 Million - $20 Million

LOAN-TO-VALUE:

Up to 65%

INTEREST RATES:

8% - 12%

CLOSING TIME:

1-2 weeks

Price:$14,240,000 No. Units:178 Building Size:183,648 SF Price/Unit:$80,000 Property Type:Multi family Property Sub-type:Garden/Low-Rise Property Use Type:Investment Cap Rate:8%Occupancy:94%No. Stories:2 Year Built:1979 Scheduled Gross Income$1,740,840 Operating Expenses$525,393 Net Operating Income$1,215,447 What would be a good way to approach this property?