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7 July 2024 | 1 reply
Many DSCR loans come with standard 2-3-5 year Pre Payment Penalties, borrowers usually have the option to 'buy out' of these penalties upfront with points or by accepting a higher interest rate.
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6 July 2024 | 11 replies
As for marketing Furnished Finders is the gold standard for MTR.
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6 July 2024 | 13 replies
They don't want to add other homes that are to the same standard or material.
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7 July 2024 | 30 replies
Rates and terms vary widely based on the relationship and agreement between the lender and borrower.Comparison:Interest Rates and Fees: Both can be high, but private money might offer more favorable terms if you have a good relationship with the lender.Approval and Flexibility: Private money can be more flexible and tailored to your needs, while hard money has standardized criteria.Source: Hard money comes from companies; private money comes from individuals.Your business partner’s model has worked well, but diversifying your financing sources is smart.
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8 July 2024 | 27 replies
I'll show you one quick example that proves that PUP is better than LLC in a standard case.Take for instance you have a 500K property completely paid off.
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5 July 2024 | 4 replies
I like Dayton or Columbus more because they have more going for them across the board, but doubt you can find a quality multi up to your standards at $150K in those areas.
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5 July 2024 | 2 replies
Unless there are multiple leans against the property, multiple entity's attached to the title, or there needs to be a new title and survey ordered by the attorney's, 60 days is standard.
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5 July 2024 | 19 replies
I'm not familiar with your city but I've seen similar group homes pay up to 5x the standard rent and sign longer leases like 3-5 years.
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4 July 2024 | 8 replies
Not sure what standard move-out procedure is to get the property rent-ready again.
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5 July 2024 | 8 replies
I admit that the allure of interest-only payment to drive insane profitability from cash flows is attractive; however, I don't see a standard process that the lender follows, but it may just be the affiliate/broker representing them who isn't very formal.