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4 November 2024 | 7 replies
If you're getting back into the lending game for long-term hold investors, a realistic “ideal” loan might look like this:Rates: Somewhere around 6-8% interest, depending on the risk profile of the borrower and the property.LTV: 70-80% LTV is solid, especially if you're aiming for lower risk.Term: 5-10 years works for LTR investors who want stability.Fees: Reasonable origination fee (1-2%) is expected, but avoid nickel-and-diming borrowers with hidden fees.Prepayment: A soft prepayment penalty could be fair if paid off in the first couple of years, but after that, no penalties.Speed: Being able to close quickly (within a couple of weeks) would be a huge plus.In short, give investors a competitive rate, decent terms, and flexibility on prepayment, and you’re golden.
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7 November 2024 | 12 replies
I opened up a couple credit cards under my LLC (Amex blue and Chase ink) with 0% interest for 12-18 months.
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30 October 2024 | 11 replies
I am brand new to all things Real Estate, and Investing related and I signed up for BiggerPockets to meet great people in the same space I'm trying to enter as well as learn as much as I can.
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5 November 2024 | 29 replies
Do you need all this for a couple of rentals?
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1 November 2024 | 4 replies
I’m brand new to this so I don’t really know.
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4 November 2024 | 2 replies
You could maybe have a couple of related or satellite nitches....but you're not going to be able to be successful in ever CRE asset class.
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28 October 2024 | 4 replies
I’ve been using a properly management software Hemlane for couple years with no major issues.
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8 November 2024 | 21 replies
That happens in a couple ways- but your best bet is to find an investor friendly agent that will let you tap in to their network.
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4 November 2024 | 9 replies
It was the owner of the house and a couple of neighborhood teens who handled the demo and clean up.
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4 November 2024 | 7 replies
I have a place in Reston listed in Zillow & furnished finder for couple of weeks.