Bo Fender
1st Rental (Long Term), Worth Getting a Lawyer Involved?
8 March 2024 | 3 replies
Was also going to look into transferring my rentals lease onto a LLC, but if they were to call the loan due that would sort of hardcore suck.
Nate Powley
Using Realtor Commission and MLO Commission towards the downpayment on a loan?
6 March 2024 | 2 replies
Does your bank pay your commission as an MLO when the property closes....or when the loan is actually sold?
Shafi Noss
Buying LLCs Instead of Property
8 March 2024 | 4 replies
Also, you will assume the Basis in any real estate holdings which could have future capital gains implications.Pros.This is a great way to take over an existing loan subject to that would be really hard for the lender to claim due on sale default.
Rebecca Jao
Sell or Lease? What is the market price to sell my commercial restaurant property ?
9 March 2024 | 17 replies
You may be able to get a loan for the TILC if you have a signed lease.
Vernon Huffman
If you had $300k liquid how would you start RIGHT NOW?
8 March 2024 | 53 replies
-there's no issue with financing anymore, or a bank saying 'no,' as there is no limit to how many DSCR loans you can get.
Felicia Walker
Private and Hard Money Lender Rehab Draw Requirements.
8 March 2024 | 13 replies
I typically opted for roughly 3 draws per deal, just to limit draw costs.Also, all of my lenders charged me interest on the full loan balance at closing, even though I hadn't drawn the whole loan (which annoyed me, but I get their perspective).So really, in my experience, I didn't find any to be "better or worse" they all seemed to have their own trade offs, i.e. more general accounting was easier for me, but higher draw cost.
Mark V.
Looking for financing advice
7 March 2024 | 9 replies
A DSCR loan wouldn't work in my metro.
Hunter Gibson
Looking to Grow My Rental Portfolio
8 March 2024 | 6 replies
At some point 8-10 years did a portfolio loan with good tax returns and ended up using a lot of cash and that loan to buy 2 strs in Myrtle- ocean lakes. we currently have 20 units and Two are str's.theres really no short cut, we built a ton of equity by buying at the right time and fixing up ourselves (I'm a contractor).wr bought the two strs in 2020 and 2022.
Ardian Selimi
22 with 200k liquid looking to get my first property
8 March 2024 | 31 replies
Ground-up financing in rural (I assume since they are "cabins") is often pretty difficult, but there are loan products available.
Sam Booth
Propstream for finding deals
6 March 2024 | 8 replies
For OOS Investing, it might be good to switch it up and do a combination of letters, post cards, text, calls, etc.