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4 February 2025 | 17 replies
For some buyers it would end up being less than a 2.5-3% commish, and for others more.The tricky part for the buyer is it would have to come out of their pocket in addition to the down payment, whereas a commission paid by the seller at closing is included in the purchase price and absorbed into their loan (usually unless paying cash obviously) so the buyer only has to make the down payment out of pocket.
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31 January 2025 | 7 replies
I see you did a loan sizing down below on your sheet, but I'm thinking that's on current NOI and not on a 7-year projection.
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16 January 2025 | 12 replies
You have a bigger loan, but not a bigger tax basis.
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21 January 2025 | 13 replies
The DSCR loan would allow you to qualify based on the rent you are collecting and get up to 75% of the value (175 x 0.75 = 131.25k, minus 20k payoff and closing costs.You could get a line of credit or a bridge loan against it to borrow money, but it would be higher interest.
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18 January 2025 | 6 replies
Do the math at a 6% loan rate.There's a reason many apartment buildings have been converted to condos and sold.
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16 January 2025 | 6 replies
There are services like Blockfi, Unchained Capital, and many others will will give you a short-term loan backed by your crypto assets.
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18 January 2025 | 15 replies
Rates are high, usually in the high 8s or low 9s, and you may pay 2-4 points on the loan.
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16 January 2025 | 15 replies
Just because you get a loan approval does not always mean you should move forward with it.
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22 January 2025 | 8 replies
.- Do you have 200-250k cash, or is that what you can get with your loan amount?
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21 January 2025 | 4 replies
As far as your next property, if you are already considering moving you will get better loan options + interest rates if you decide to live in the next property and rent out your current house.