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17 January 2025 | 4 replies
I currently work with investors who are looking to begin their portfolio in turn-key real estate and manage for them on the back end so they can still enjoy their everyday lives while having a resident in place paying down their loans.
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12 January 2025 | 17 replies
Just to name a few: Borrower's Experience FICO Loan Amount Loan Type being sought: Perm (30 yr ams), Bridge (12-36mo I/O), Rehab (12-36mo I/O), Ground Up (12-60mo I/O) Property Type (1-4 unit, 5+ MF, Warehouse/industrial, Hospitality etc)If you have a specific deal in mind, then you can have a lender (or broker) look at it and give you a better idea.
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16 January 2025 | 2 replies
Most mortgage companies will not call loan due if payments are current but you do run that risk and need to be prepared to payoff or refi at a moments notice.
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19 February 2025 | 32 replies
I think your goal of getting your first RE investment for around $50k is doable as long as you plan to leverage debt (Loan).
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24 December 2024 | 4 replies
We do not factor in capital gains tax in our final net profit projection Hope that helps!
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14 February 2025 | 43 replies
So there are a million realtors, loan originators, accountants (RE is, for most, not complex vs other small business.)
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12 January 2025 | 2 replies
My duplex - built 1989, 2,060 sf, 2 bed/bath, 1 year old roof, value if I subdivide (county already approved) and sell each separately $150k each ($300k total)Investor duplex - built 1995, 2,300 sf, 2 bed/bath, 5 year old roof, value around $310kThe investors initial request was for an equal trade and they would pay realtor fees, which I replied wouldn't be equal due to buying/selling costs (recording fees, title insurance, closing fee, survey, inspections, loan fees, 1031 fees, accountant fees, repairs), taxes would increase due to new sale price, I'd trade a 3.75% mortgage for a higher one, and I'm on the 10th year of a 30 year loan so resetting that to a new loan would restart amortization and pay more towards interest.
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15 January 2025 | 13 replies
You can also see total loan exposure, every loan ever pulled, every property ever owed, every co-signing partner from every project, permits, etc...
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3 January 2025 | 8 replies
Here are the key themes I'm seeing get set up for 2025: Interest Rates Will be Holding Steady or going up: The yield curve (finally) uninverted this week, when the Fed signalled they will be more cautious about raising rates.
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15 January 2025 | 6 replies
Most lenders I work with would lend you 70%-75% of the value of the property, but only so much that your NOI/profit is 20%-25% of the monthly loan payment.