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9 January 2025 | 2 replies
Real numbers- purchase 907k,rehab , closing costs, soft costs, 840k, all in 1.747 mil, basis for each unit should be roughly 291kappraisal of each unit minimum 400k , so 2.4 mil if for all 6.I might refi only 4 out of 6, that will cover initial loan amount.
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7 January 2025 | 0 replies
Initial Financing: Used a hard money loan (HML) with 10% down, interest-only at 10.95% for 1 year.
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9 January 2025 | 4 replies
Im assuming I will learn the markets and what it takes to get a loan ect.
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7 January 2025 | 5 replies
I would love to connect and pick your brain a little more to understand structure of these loans!
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6 January 2025 | 8 replies
If you are already experiencing slim profits with a fix and flip loan, it will not be any better on a HELOC.
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7 January 2025 | 11 replies
Will you be funding your own rehab or would you need to roll those funds into your initial loan?
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6 January 2025 | 28 replies
Even if you only owe $26,000 on the loan, your payment will still be the same.
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7 January 2025 | 2 replies
My original loan amount is $323K, balance left $319K at 7% and 28 yrs and 8 months left.
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6 January 2025 | 2 replies
I'm currently reading David Greene's "BRRRR" book and I will be utilizing my VA Loan as a first home purchase (duplex) for my first home utilizing the VA Loan.
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23 February 2025 | 107 replies
I was able to purchase a house from a couple for the cost of a title transfer fee, and a refi loan.