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12 January 2025 | 7 replies
Or a seller finance calculator showing the monthly payment based on negotiated price, interest rate, down payment, etc.
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19 January 2025 | 269 replies
Based on this some elements of my REI strategy are going to need to be adapted!
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14 January 2025 | 3 replies
We are based in NYC but are considering (as of now) locations outside of NY but within a 300 mile radius.
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15 January 2025 | 10 replies
If that's the case, you should be able to rate/term refinance at ~75% LTV with a DSCR loan, and with some interest-only basis, your payment will go to ~$850 (based on ROUGH pricing TODAY).
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22 January 2025 | 5 replies
I find that regardless of the bank you go to, they often follow the same type of rules and can be stricter; however, some might favour you here or there based on the relationship you would have created with them.- My advice; however, is to work with a good mortgage broker as they often have access to more lenders (B or C lenders) that might be more flexible than the 5 big banks.- Finally where to buy: in general, ON, BC are expensive while AB, QC follows and other provinces, such NB, NS, PEI are much much more affordable.
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14 January 2025 | 1 reply
Based on your first fix/flip, it sounds as if you don't have any issues doing moderate rehab.
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13 January 2025 | 15 replies
I haven’t gotten a tour yet, but based on driving by and photos of the inside, it looks ready to rent right away.
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13 January 2025 | 15 replies
Most hard money lenders base their terms on the deal’s equity and your experience, so with a solid flip track record like yours, you should be able to find better leverage — especially if the deal has a strong ARV.What's the ARV on the property?
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17 January 2025 | 6 replies
I believe its an epoxy based paint. 6.
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15 January 2025 | 13 replies
Not all but a vast majority based on my doing deals in PA NJ WV OH SC etc etc.