All Forum Posts by: Kris Gupta

[Kris] - Yeah, this is good. Only problem I see is 10 year. With 10 years, the payment will be little high. Does 10 year ARM means the rate is fixed for 10 year? In this case, will the Amortization Period be 10 years or 30 years? If 30 years, do I have to pay the full balance after 10 years?
 

 [Kris] - This is a good idea. I was thinking about this but was not sure how to proceed with this. My total loan balances from all investment properties would be around $750,000. Not sure which banks/lenders to reach out to get this. 

[Kris] - Thanks Randy. I am married. The mistake I did initially was, when I took the first few loans, these loans have both names on it. And moreover, my wife is now self employed (previously she was on w-2), so that makes it little more difficult to get loan on her name and her income is not that much. 
0.5% higher is nothing, I can easily accept that rate and 20-25 year term would also work fine for me. So, now I need to find a "portfolio lender" . I"ll call few local banks and give it a try. Thanks for the advice

Good morning folks. I currently own 15 single family homes. Out of which 5 are fully paid (which are about 1 Million) and I have 10 homes which has mortgage on it. All of my loans are conventional 30 year loans. As you know Fannie mae, Freedie mac has a limit of 10 loans. My question is how to get loan for another property which I am planning to buy?

These days interest rates on investment properties are around 3.5 % - 3.75%.  How can I get a loan below 4%? Can I get secured loan? Unsecured loan? Which banks or lenders? Interest rate below or somewhat close to 4% is very important for me.

I have never worked/try with private lenders. My understanding is, private lenders give very high interest rate around 6% or above, even though my credit score is around 750

Any advise on this will be very helpful

Thanks

I have been looking for Dollar General/Dollar Tree/Family Dollar deals. There are some deals where the builder has constructed new building and leased to Dollar General. These have 15 year lease term remaining and after that 4x5 renewal options with 10% increase. Cap rate is around 6.5%

How are these deals? During the 15 year lease terms, any possibility they will not pay rent? What other things I should be looking for?

Thanks

Hi All,

I made an offer to buy Family Dollar in December 2019. My offer was just a little less and the Seller accepted someone else offer that time.

2 days back I got the message form seller mentioning that the other buyer is not performing and this deal will be available and they are asking if I want to send my back up offer.

This has 5 year lease remaining and after this there are 4x5 renewal options with 10% increase

My questions are...

1> During the current lease term will Family Dollar continue to pay rent in this market? Can they stop paying or can they ask for rent reduction?
2> What are the chances that after 5 year they will renew the lease?

Thanks
Kris