Robert Bishop
I am 16 trying to get into real estate and have 200k
10 January 2025 | 28 replies
Congrats on your maturity at a such a young age.
Chris Seveney
The Tech Revolution in Real Estate Lending: Are We Overlooking the Basics?
16 January 2025 | 4 replies
I'm not familiar with these platforms, but it sounds like they aren't mature enough yet to capture the important nuances that Chris mentioned.
Brandi Jefferson
Hi! I'm happy to finally join the community!
16 January 2025 | 20 replies
To me, having one mortgage payment for 2 - 4 houses (basically) always seemed interesting and like something that would give me more bang for my buck.
Franc Seferi
Out of state investors
16 January 2025 | 0 replies
What I have learned is that it's nerve wracking to invest out of state, but sometimes investing out of state is a great idea since it could be the most bang for your buck.
Brian Rocha
Any experience with HMLs for the purchase only?
10 January 2025 | 21 replies
We have done it both ways where we fund purchase and they cover rehab but if the individual is less experienced we do not do it that way, we have them put more money into the deal from the start and fund the draws, reason why is we also had a deal where the person said they would do this and never did anything and property sat and loan matured and it was a pain.Just recognize you will still not get 100% financing for the purchase, so you are putting money in up front.
Keith Angell
Seeking Advice on Financing Future Rental Property Projects
17 January 2025 | 8 replies
But you have the option to just pay the monthly payment up to maturity in case something goes wrong or if you decide you can use that money better to just build another property instead of paying it off.
Robby Sanchez
stupid question time!
30 December 2024 | 6 replies
@Robby SanchezBridge loans are short term and if they default or mature in many instances the interest rate doubles - so make sure you have a very solid exit planI see many get a bridge loan and realize they don’t have the 25% equity in the deal to refinance to another loan and end up getting wiped or foreclosed on because they never researched what they needed to be at on the back end when they were refinancing.
Jose Mejia
refinancing a property from hard money lender
19 January 2025 | 15 replies
Understanding the interest rate, loan maturity date, and any prepayment penalties will help gauge urgency.3.
Kevin Apolinario
Chef, Software Engineer, Real Estate Investor
15 January 2025 | 3 replies
I ended up attending one of those weekend seminars for a few hundred bucks that tries to sell you on a 30k coaching program.
Jeremy Beland
A Hard Lesson Learned from Our 2022 "Scary House" Flip
16 January 2025 | 16 replies
Youre right, but if you are doing the work yourself it can be daunting because the buck stops with you and having that responsibility on your plate 24/7 every waking hour of the day and putting in 12 hour days, it can be rough.