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11 January 2025 | 5 replies
Hi Aubrey,International lenders don't exist for real estate in that no lender in one country will give you a mortgage loan in another country.A good service to estimate revenue in Costa Rica or everywhere in the world for that matter is Aidna.
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14 January 2025 | 5 replies
If you are interested in becoming a landlord or buy and hold investor a great way to get started is by house hacking a multifamily with an owner occupied loan.
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16 January 2025 | 7 replies
Based on our 1031 and commercial loan, we are trying to figure out how to separate out some of the duds.
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10 January 2025 | 14 replies
I'm not sure I can copy and paste my Excel spreadsheet, so i will approximate the numbers here.Strategy:Take a Home Equity Loan (second) on our primary @ 5%.Pay off existing HELOC (variable, at 7.5% now), use remainder ($120k) to buy the land (plus 30k of our own cash).
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10 January 2025 | 4 replies
This property is in the next state over from me (only about 90 min away) and is a 5 unit, therefore I'm looking at a commercial loan.
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16 January 2025 | 4 replies
Example: If you take out a loan for 7% you would want to make more than 7% to make it worth it, and probably significantly more.
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10 January 2025 | 6 replies
When your LLC takes a loan, expect as members to personally guarantee the debt.
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13 January 2025 | 11 replies
If you used a loan to rehab your property and find yourself in a difficult position, doing a straight refi (just paying off the old mortgage) will be easier than trying to pay off the original loan and take additional cash out.
13 January 2025 | 21 replies
Hey Account Closed - I highly suggest using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.