All Forum Posts by: Michael Nelson

 Thank you Chris for the quick response, How many more points and what rate % higher are you seeing on 80/20 vs 75/25

Great point Jay, I guess a better question may have been how much more will it cost to do 80/20 vs 75/25

Thank you for your insight

I have a few deals coming down the pipeline and want to free up as much capital as possible.

senario 

property appraised value 430,000

amount still owed 220,000

Has anyone used guesty for hosts smart pricing and price labs? were they comparable? I use pricelabs and have guesty for hosts but wouldnt mind saving the money if they do the same job.

Any input is appreciated!

Thank you! that makes sense I figured it was this way. I appreciate your response.

Erik, thank you for the detailed response makes perfect sense. I was thinking if my balloon payment wasn't until 18 months but I went to refinance at 6 months and the ARV came up short could I pay the majority of the hard money loan back and have a smaller interest only payment for the remained of the 18 months to raise the rest of the funds?

Randall thank you that makes sense that’s what I assumed was at the balloon date everything was due just wasn’t 100%

thank you

If I use a hard money loan for a brrrr and the ARV comes in a little lower than projected can i pay off say 170k of the 200k hard money and just keep paying the interest on the remaining 30k of hard money until i can pay that off? obviously the goal would be to pay the whole amount off but I Just want to check into all the "what ifs"

Any input is greatly appreciated

Sounds like a good split for what you're doing

Hi Eric, almost any mountain town will do good in the winter or but you want to look for towns that have summer attractions. A lake, A river, unique hiking experiences, ect. 

Hope this helps