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Results (10,000+)
Blake Williams Introductions and Advice on Broker / Lender Partnerships
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!
Carlo D. Rent redi and Property manager - Had a question
7 August 2024 | 0 replies
Another newbie question here so I apologize in advance
William Tse Looking to purchase our second investment property
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!
Raj G. Equity Pledge, instead of 2nd lien
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.
Marty Sheckter Rent or Sell Condo Feedback Needed!
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!!!!
Agustin Conti HELOC, HELOAN or something else for personal Home renovation
8 August 2024 | 17 replies
You can get a cash advance on your credit card.
Makan A Tabrizi Owner Occupied, low doc Loan for multiunit investment property
7 August 2024 | 1 reply
Any suggestions on appropriate mortgage brokers in Colorado would be appreciated.Thank you in advance for your input.
Bj Ayoleke Looking for an investor agent in NY or Rochester NY
8 August 2024 | 9 replies
If you could direct me by zip code within Rochester, NY.Many thanks in advance
James Bradley Selling my first home, post-divorce
7 August 2024 | 10 replies
Thank you in advance!
Joan Liu should I rent my house to someone who wants to use it for cooperate housing
7 August 2024 | 2 replies
Thank you very much in advance