Jimmy Jeter
New construction, 75% done. About to run out of money
28 January 2025 | 11 replies
You can talk to the bank about a loan; however, my bet is they will want some form of contract and scope of work and will only pay him at set milestones.
John Friendas
Rooming House Passing Conventional Appraisal as Single Family
22 January 2025 | 4 replies
THe lender is a credit union and it is a conventional low rate loan.
Daniel Dubeck
Gap funding
28 January 2025 | 14 replies
This means sizeable monthly payments, but if utilizing with Value Add you can pay off the loan without a pre payment penalty at any time.Hope this helps!
Brian King
New to the Real estate game
19 January 2025 | 21 replies
Contrary to most business lending, the REI industry has a lot of "non-bank" lenders that provide attractive loans that can lower your cost of capital and improve your profit/cash flow.
Rick Im
2nd mortgage lender
17 January 2025 | 4 replies
I’ve been working with several lenders for DSCR loans, but I’ve found that the fees are quite high, with minimal benefit in terms of lowering my current interest rate.
Zongfu Li
Kiavi is the worst lenders I have been working with
15 January 2025 | 11 replies
I have gotten a few loans through Kiavi.
Darien Hernandez
Private Lenders: What Returns Do You Expect on 1st Lien Owner-Financed Deals?
16 January 2025 | 5 replies
I just re-read and realized you're talking about getting loans for lien position 2, is that correct?
Bruce Rasquinha
SDIRA's as investing tools
23 January 2025 | 5 replies
A non-recourse loan is an option if your SDIRA doesn't have enough funds.
Kimberly Venable
A little about me
27 January 2025 | 11 replies
Your first step is- Get approved for a loan (unless you plan on paying cash).
James Tobin
New to Real Estate, looking to get into the market in 2025
17 January 2025 | 17 replies
On the other hand, if you're aiming for long-term rental properties, getting prequalified with a lender specializing in traditional loans or DSCR (Debt Service Coverage Ratio) loans is key.