All Forum Posts by: Mo Muigai

@Steve Smithy he has money but no time or knowledge. Typically if he accepts to act like hard money lender, how long do I have to pay back?

I’m doing due diligence on a triplex and duplex that owner prefers to sell together! I don’t have $100k to put 25% down. A family friend is interested in going in with me, he has the $$$$$ to put down. What is the best way to set up this “partnership “ in the deal? I do all the work and manage he does down payment we split 50/50? Please advise from experience or knowledge. I appreciate

Update: I hit a 4.0% conventional loan, 25% down with Bremer Bank. Definitely much better than 5.75% offered by big sharks. Thanks everyone for your input

@Keith Radke with whom please? I’d like to try them out

@Ratan Khatri let me know if you can finance me on a deal greater than $200k

@Amit Saini trying to DM you no idea how. Able to text me at +17637425544

@Adam Luftig Bank of America

@Eric Johnson I just quit pursuing that one and now I have another for over $200k. Can you finance that one? My credit is north of 720s.

@Arshad Khan I am a new investor in Mankato area but I plan to put 20-25% down and end up with 10 units instead of throwing it all in one deal cash. Without PMI I will let someone else pay everything as I take lower cash flow yet my ROI is much higher. Bloomington area isn't as cheap either so congrats to having all that money to start with!

@Justin Tahilramani definitely better by almost a percentage