
8 August 2024 | 5 replies
Specifically, we're trying to understand how the most sucessful Broker / Lender relationships function, and what they look for in a partner.Thanks in advance for any thoughts or connections!

7 August 2024 | 0 replies
Another newbie question here so I apologize in advance.

8 August 2024 | 5 replies
Maybe it's a dumb question, but just trying to understand the pros and cons of each.Thanks in advance for any advice/guidance on this!

8 August 2024 | 3 replies
Hi,I have been doing private lending for a very long time, most of time first lien, some time 2nd lien also.recently came across a situation where first lien is already there on property and there is clause than 2nd lien can not be done on property.Investor(borrower) giving me option that we can prepare a new document for "Equity pledge" this mean conditional equity in property if there is default.I never heard this thing before.any one any input on this.Thanks in advance.

8 August 2024 | 3 replies
I put some numbers below into this Rent or Sell calculator.https://www.narpm.org/members/resources/rent-vs-sell-calculator/ESTIMATES ON ROI (15 year time frame)at 5% Appreciation would profit $100K if SELL nowat 6% Appreciation would have $3,500K more if KEEP and sell after 15 yearsat 7% Appreciation would profit 122K if KEEP and sell after 15 years(Assuming a conservative 6% ROI on money invested from sale.)NOTE: The property appreciated 10% in the last year so I’m thinking 7% over the next 10-15 is reasonable.DETAILSSale Value: $520,000 (Best guess)Paid: $437,000Original Mortgage: $415,000Mortgage Balance: $380,000Interest: 3.375%Monthly mortgage: $2,899Mortgage Difference: $1064Annual Taxes, Insurance, HOA etc**: $20,345**$13,865 (Non Homestead tax) $4,680 (HOA) $1,800 (Landlord Insurance)Monthly Rental Charge $3,500*Appreciation 7%Years to Hold: 15More assumptions used in ROI Estimates Above90% occupancy,15% capital gains charge6% selling feeRate of return on gains if selling now instead 6%Annual maintenance 1%Annual rent increase 4%$3,500 is slightly aggressive. unlikely I could get more.Thanks in advance for any constructive thoughts and comments!!!!

8 August 2024 | 17 replies
You can get a cash advance on your credit card.

7 August 2024 | 1 reply
Any suggestions on appropriate mortgage brokers in Colorado would be appreciated.Thank you in advance for your input.

8 August 2024 | 9 replies
If you could direct me by zip code within Rochester, NY.Many thanks in advance

7 August 2024 | 2 replies
Thank you very much in advance.