All Forum Posts by: Michael Spadaccino

Thanks for the info 

Hello, I am looking to see what the maximum rate and points are for a hard money loan in Connecticut. The loan is an asset based loan for an individual (not an LLC) and not on a commercial loan. Any help is appreciated.

Thanks

I would typically agree with you but since I am getting a much higher rent primarily because it is from students and they will be out of school next month that is my cause for concern...but I do agree with you and I am probably just being nervous for no reason.

I appreciate the responses. Yes, I have tried craigslist and in years past that has been enough to get multiple calls and emails. I have put in on there for the last month and have only had 2 somewhat interested calls.

I have a single family property that I have been renting quite successful for the past 5 years right near QU. I don't know what has changed since my last lease 2 years ago but I am having trouble finding tenants for June 1. I have tried craigslist, trulia, the QU off campus web site, social media and have a sign in the front yard. I don't know if anyone is familiar with the Quinnipiac area but if anyone has any suggestions as to where I can find a tenant I would certainly listen.

Thank You

Mike

Yes, I live in CT, work for a mortgage company in Southern CT and currently have 1 rental property in Hamden and have flipped a few properties in Bridgeport.

Hello,

I am a mortgage broker who does a few personal investment deals a year and used to go to quite a few ct REIA events. As everyone said you probably want to go more for the networking potential than anything else. I wanted to chime in in regards to the investment purchase guidelines. Most lenders will now do 25% down for 3 family properties and 20% for 2. Believe it or not some lenders have actually started to get back in the stated income game for investment purchases as well, those are 30% down.