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Results (10,000+)
Graham Lemly Financing Strategies for house I want - Hard Money, Rehab or Conventional?
4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?
Ana Escudero Insurance Broker in Boston for Multifamily property
3 January 2025 | 4 replies
I can definitely provide a recommendation.
Cody Baum Well-read Newbie Stuck in Analysis Paralysis!
3 January 2025 | 2 replies
Good luck on your journey and I hope you provide the financial security you hope for to your daughters. 
Stephen Karathomas Mobile Home Investing
5 January 2025 | 4 replies
Park managers and mobile home dealerships in the local area can also provide you with this kind of information.
Avery Oblepias Section 8 Tom Cruz
10 January 2025 | 22 replies
It's an asset that provides stable predictable income as well as appreciation and tax benefits next step buy yourself a Bently and celebrate. 
Dustin Horner Hiring FT or PT
6 January 2025 | 5 replies
This will provide you two benefits:1) Help you better define the position, so you can hire a better matched person2) Make training the next person easier
Timothy Franklin STR sub-to/ portfolio
1 January 2025 | 26 replies
I am not acting in an agents role as I am providing the service to help the owners sell their assets, while enabling the buyer to acquire cashflow positive deals that banks are not providing with current rates.
Dan Thomas Airbnb claim process
4 January 2025 | 19 replies
Have you tried going directly through your insurance provider?  
Sean Gallagher Scaling out of state while busy working my W-2
12 January 2025 | 23 replies
@Sean Gallagher not a sales pitch, but this is what we provide for investors in Metro Detroit:)Understand that if you hire the latest & greatest PMC, many grow using poorly trained VA's. - Your portfolio will suffer:(You want a PMC that has great systems in place, including a great portal where you can keep tabs on eveything.You will also need to manage your PMC on a regular basis.
Michael Benanti DealCheck app? Good or bad?
2 January 2025 | 32 replies
I agree that DealCheck (or the BP calculator) does not provide enough tools or functionality to analyze those types of transactions (yet).But I would argue that it does a great job at analyzing more traditional buy & hold SFRs and multi-families, as well as flips and rehab projects.