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7 January 2025 | 8 replies
Then connect with some hard money lenders (you can find some here on BP as well as some who are typing this right now) and connect with them to understand their product type, what they like to lend on and requirements.Hard money broker is all numbers game of making relationships and helping those that are looking for financing, it starts out slow but if you get with a few good borrowers and lenders it can be pretty decent money to be made.As an example we paid six figures last year to HM brokers.
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22 January 2025 | 13 replies
I have a property listed for sale in Goodyear, AZ and it carries a 2.25% interest rate.
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14 January 2025 | 23 replies
The Due On Sale clause was added I think in the 1980s because of "sub-to" deals.
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16 January 2025 | 5 replies
Purchase price: $70,000 Cash invested: $60,000 Sale price: $70,000 Have under contract for $70K and will rehab.
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23 January 2025 | 3 replies
@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and perhaps you can do a short sale (though I don't know the details on how that's handled in TX).
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30 December 2024 | 4 replies
Judges also postpone sale dates for buyers with financing, so cash is likely not necessary to get the date moved.
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20 January 2025 | 62 replies
This can slightly affect the LTV or interest rate because your loan is based on the income of property therefore we need to make sure that your property is debt servicing at our minimum required ratios.We are introducing new products in September.
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21 January 2025 | 5 replies
Not as many hotels in the area except next to some ski resorts but during covid it got crazy. we bought one for $25k at a foreclosure sale in 2015 and could not give it away in 2019 for $50k then in 2021 we sold it for over $120k.
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16 January 2025 | 15 replies
Sales comparison A common method that compares the property to similar properties nearby and their relative prices.
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27 January 2025 | 18 replies
KT is an ancient and inherently dangerous product.