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31 December 2024 | 11 replies
Ken, I would prefer to do that, but I wasn't sure if any banks would offer that type of loan or line of credit.
3 January 2025 | 8 replies
should a private lender ever ask for a 1% insurance paymentBefore completing a loan?
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2 January 2025 | 12 replies
In 30 years the balloon payment is due to the seller and that's when the taxes are due.Coupling a monetization loan to an installment sale accomplishes the same thing but puts cash in the sellers hands that can be re-invested.
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1 January 2025 | 7 replies
Buyers could look at a DSCR loan which does take into account the revenue from the rent but it doesn't count towards the value of the property.Now, buyers could look at a business loan of some kind but I am not sure they would qualify if it is only one property and even then, the value is mostly in the property and not the possible revenue.
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2 January 2025 | 0 replies
Investment Info:Condo private money loan investment.
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30 December 2024 | 6 replies
Quote from @Robby Sanchez: can you refinance at the end of an interest only loan into another interest only loan?
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6 January 2025 | 7 replies
Ask the builder or their legal representative for a copy of the CC&Rs (Covenants, Conditions, and Restrictions) or any supplemental documents specific to the development.Financing Considerations: If you’re financing the property, some loan types have limitations on renting out a home within the first year.
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31 December 2024 | 2 replies
Most people will get the loan in their name first, and then transfer it into the LLC after.