Rahel Ketema
HVAC vs Mini split system
18 August 2024 | 28 replies
The disadvantage is that the indoor units are a bit large but if you place them nicely they'll blend in to any room.Another advantage is the upfront costs are much less than a traditional AC system.
Michelle F.
Which Banks/ Credit Unions will do a HELOC on investment property
17 August 2024 | 30 replies
@Adah N. starting at around 10% on investment properties but they fund you the full amount immediately, so it’s not exactly like a traditional HELOC where you use it when you need it.
Vivienne Affat
First Time Flipper Challenges
16 August 2024 | 4 replies
Funding can definitely be a challenge for first-time flippers, especially when traditional lenders are hesitant to take a chance.
Andrew Postell
How To: Cash out 1-4 unit Property
20 August 2024 | 452 replies
It’s a matter of cash out refi vs. traditional refi.
Ethan McRae
Conventional loan APR: Credit union vs traditional bank
12 August 2024 | 6 replies
With rates as they currently are, I'm looking for every angle to get the lowest rate possible, and from what I understand, credit unions can offer rates slightly lower than traditional banks.
Christopher Satterwhite
what should i expect approaching a hard money lender for the first time?
16 August 2024 | 4 replies
However, if you plan to rehab at all, you will then need a licensed contractor to provide bids on each project you plan to rehab.You will then be asked to provide a proof of any funds to close, purchase agreements, and if closing as an LLC - most times documentation on that LLC.Overall, the larger number of units (5+) makes the lending process based more off the property than the borrower, contrary to traditional single family housing.I would recommend you work with a Loan Originator/Broker who will be the medium for you to the lender/s.
Mario Ballciti
What brokerages do double closings in Orlando?
15 August 2024 | 7 replies
Most will double charge on all fees for double closings which can make them thousands more than a traditional closing.
Lauren Stark
Looking for creative financing advice for off market STR
14 August 2024 | 6 replies
I have $70K of my own money I can use as a down-payment, but am looking for someone to finance the rest ($280K) as I'm a real estate agent and am having difficulty securing a loan from a traditional bank in a timely matter.
James Mays
LLCs - Holding Companies - Scaling
15 August 2024 | 6 replies
Task:-Goal: Purchase 5 properties (~10 doors) by end of 2025Action:-My plan is to use traditional financing under my name to access the best rates then transition to using either HELOC/DSCR/Hard Money.
Frank Patalano
So what's holding you back?
19 August 2024 | 3705 replies
You can find non-traditional lenders at your local REIA.