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18 January 2025 | 15 replies
But, you can go up to 65% loan to value with no reserves, or up to 80% loan to value if you have 12 months payments already in the bank (12 months reserves_.
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20 January 2025 | 1 reply
Money for the down payments that comes in like an annuity either from your W2 efforts or from owning another business.
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13 January 2025 | 2 replies
On the lease, he'll pay me $100/m over my HELOC payment and all other expenses, including the refi cost, inspections, title work, etc...
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21 January 2025 | 8 replies
say you find a solid property in a low cost market for $200K and you buy it.between down payment, closing costs, rent ready / spruce up costs, and lease-up costs, you're probably going to need at least 50-65K in cash.
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24 January 2025 | 8 replies
I guess my question is this: is the very low cash flow (due to my low down-payment and high interest) going to improve?
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13 January 2025 | 11 replies
Quote from @Jaycee Greene: Assuming you pay asking price, I'd estimate the down payment for something like that using a hard money loan (HML) would be around 40% of the purchase price and your monthly payment would be $2,600 with an interest rate in the low 7% range (probably need a 700+ credit score to get that).
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31 December 2024 | 418 replies
In addition this fire storm started when payments stopped or payments were returned to the bank NSF.
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17 January 2025 | 28 replies
Some of the discounts are good, but just be aware that you will be paying a payment processing fee on top of the discounts.
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8 February 2025 | 42 replies
Here are a few stats which should raise an eyebrow about Detroit $1 billion invested in more than 4,600 units of affordable housing over the past five years Job growth with more than 25,000 more Detroiters employed since 2014 A return to investment grade bond status for the first time since 2009Reductions in crime beating national trends, including the fewest homicides in 57 years Successfully hosting the largest ever NFL Draft at 775,000 people over three days In terms of starting out in Real Estate it also makes sense to invest in Detroit considering that the entry costs are low and if you plan to buy and hold, Section 8 makes for a great partner to insure steady rent payments.
7 January 2025 | 1 reply
Hi BP community - I'm an investor with 3 SFHs in the Nashville area looking to acquire my first small multifamily property (2-4 units).I'm trying to determine the best approach for the 25% downpayment, comparing using...