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2 December 2024 | 6 replies
That being said, most originators are hit with a clawback penalty if you payoff your loan within 6-9 months, meaning that the originator has to repay all commissions and fees to the buyer of the loan if you payoff the loan within that period.
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13 December 2024 | 6 replies
If its a conventional conforming loan then I believe they should be reporting your payments.
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12 December 2024 | 6 replies
It depends on how long it takes you to complete the rehab and what type of loan you take for the refinance.
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13 December 2024 | 13 replies
minimizing free cash flow with larger mortgages or shorter term mortgages takes the cash flow which would be taxed and puts it into the amortization of the loan.
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24 December 2024 | 24 replies
My bookkeeping practice pays me active income, so my priority is equity.For debt loans, you will see 10-15% annualized, depending on your experience as an operator.
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11 December 2024 | 7 replies
Quote from @Gary Bonds: Any best practices when attempting to secure business funding from a bank, in the form of a loan or credit?
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16 December 2024 | 3 replies
If you pay cash you'll pay yourself back percentage back, if you use the a hard money loan the refi would pay that off and the difference would go to you
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12 December 2024 | 6 replies
The loan programs of your buyers will dictate how much of a credit you are allowed to apply to their closing but it certainly helps to move inventory when you offer an incentive.
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15 December 2024 | 6 replies
Also depends if you are getting appraisal and what attorney charges for creating loan docs
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13 December 2024 | 13 replies
Quote from @Zachary Deal: One thing to keep in mind if you are doing this is that you are likely to create "functional obsolescence" which could mean you are not able to get a new loan against your property and it can be difficult to resell as well.