All Forum Posts by: Raj Konda

I m primarily a SFR investor and stumbled upon Condotel in Orlando, 5 mins to Disney. It is a new construction condos next to Margaritaville. The breakeven is at 60% occupancy. Trying to learn more about this investment strategy, mainly any pitfalls I should be aware of. Purely looking from an investment standpoint and not planning to use it for vacation purposes any time soon.

Appreciate your feedback/experiences. 

It depends on how long you are planning to keep the property  or years before you refi. 

On a $200K loan, you will pay $44,355 in interest with the builder lender vs. $36,710 with outside lender - a diff of $7,645. Which is roughly same as ,what you will save going with builder lender today.  (I have not considered net present value, keeping it simple ). I m leaning towards with the builder lender and refi after few months, if no pre-pay penalties. Also closing will be much simpler. 

thanks @Jason Wray

Loan amt ~$100K, with LTV 75%

Looking for suggestions on how to refi on a SFH, which is on a LLC, no existing mortgage. Traditional lender I normally work with, will not lend unless I do a quit claim into my personal name from LLC. Commercial lending fees are coming higher - about 10% of the loan amount and want to check if this is common or any suggestions on how to refi economically?

if you can attend one and only one  - BP Con, for sure. 

You are local to LA, so we have vendor expo's and one day event over the weekend's, go there and spend few hours and connect/learn/explore, most of them are free but they will try to sell something :)

I come across a new builder for new SFR construction in FL. They have new builds that opened up and taking earnest money deposits. If all goes well, they will finish the construction in 6 -8 months. Are their any specific websites or rating agencies for Builders? I checked BBB , could not find anything material. Checked the county for the lot owner, which is owned by the builders. Earnest money is 10% of the home price, so want to double check how to vet this company further, before entering into a contract.

Anthony, you took the great next step in your investment journey with BP. Amazing group of folks here, to assist with all your questions/inquiries so you can gain the additional confidence and close on your first property.  All the very best. 

Hi team, 

I got to know about BHG and looking for someone who had experience with them. 

I m also interested in a good commercial lender for under $200K if you know. The ones I come across, their expenses are way too much for the loan amount I m looking for.  if you have a great experience with a commercial lender, please share here or message me. 

Have a great week ahead 

@Theresa Harris thanks for your 2 cents