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1 March 2025 | 4 replies
I have asked numerous times to send me official bank statements, receipts of work completed, master insurance documents, etc. and have received a few emails with word document summaries.
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27 February 2025 | 16 replies
Quote from @Bonnie Low: Talk to @Allen Duan - he manages numerous MTRs in the Las Vegas area and knows it very well.
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17 February 2025 | 0 replies
Looking for best options.
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20 February 2025 | 6 replies
The best option is securing financing that allows the LLC to buy the new property, as commercial or portfolio lenders may accommodate this.
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19 February 2025 | 13 replies
Freddie Mac Small Balance Loan (Dauphin County, PA)Loan Purpose: Permanent Financing (Refi & Acquisition)Loan Proceeds: $1,000,000 - $7,500,000Loan Sizing: 70-75% LTV; 1.30x DCR (Small Market) Amortization: 30 YearsLoan Term: 5-10 Year Term (Fixed), 10 or 20 Years (Hybrid ARM)IO Term: Partial Term IO (70-75% LTV; 1.30x DCR); Full Term IO (60% LTV; 1.45x DCR)(Small)Rate Types: Fixed & Hybrid ARMRate (Est): 6.10%-6.60% (Assumes Mission Driven)Rate Lock: Rate Lock @ ApplicationNon-Recourse: Non-Recourse w/ “Bad Boy” CarveoutsPrepayment: Standard - Greater of YM or 1.00%Flexible Prepay: Flexible Options – Stepdown & Extended Open/Par PeriodsRate Buydowns: Yes – Rate Buydowns Available Up to 2.00%Assumable: Yes – Assumable LoanCash Out Refi: Yes – Cash Out Refi OKFannie Mae Small Loan (Dauphin County, PA)Loan Purpose: Permanent Financing (Refi & Acquisition) Loan Proceeds: $1,000,000 - $9,000,000Loan Sizing: 80% LTV; 1.25x DCR (Nationwide Market)Amortization: 30 YearsLoan Term: 5-30 Year TermIO Term (PTIO): Partial Term IO @ 80% LTV; 1.25x DCR IO Term (FTIO): Full Term IO @ 65% LTV; 1.35x DCR Rate Type: Fixed RateRate Lock: Rate Lock @ Loan CommitmentRate Structure: Treasury Yield + SpreadRate (Est.): 6.50%-6.75% (Assumes Mission Driven)Non-Recourse: Non-Recourse w/ “Bad Boy” CarveoutsPrepayment: Yield Maintenance; 1.00%; 3 Mos Open @ ParFlexible Prepay: Flexible Prepayment Options Available Escrows: Taxes, Insurance, Replacement ReservesRate Buydowns: Yes - Rate Buydowns Available Up to (1.25%-2.00%)Assumable: Yes – Assumable Loan Cash Out Refi: Yes – Cash Out Refi OK
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1 March 2025 | 6 replies
As for the initial investment, I am working towards securing the necessary funds and am open to exploring various financing options that can facilitate this.Despite facing numerous challenges and setbacks on my real estate investing journey, I remain determined and resilient.
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10 February 2025 | 1 reply
Does anyone have a sample of an assignable option contract for real estate that I can use?
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16 February 2025 | 6 replies
For properties under $300K, you can definitely find okay options in these areas.
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28 February 2025 | 3 replies
I want to start building our portfolio and would love some experienced help with direction.Over the past ten years, it seems like I've had numerous deals/ideas that just didn't come to fruition and I'm just feeling a bit defeated.
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27 February 2025 | 21 replies
Biggest piece of advice: Don’t overthink it—your first deal won’t be perfect, but it will be your best teacher.If you ever want to talk through loan options or strategies, happy to help.