
11 December 2024 | 8 replies
I'm in the same boat, I've been happily using Stessa for a couple years and recently I'm having connection problems and they're not connecting with mortgage companies that are buying out my loans.

8 December 2024 | 1 reply
@Matthew Kwan I believe it depends on the type of loan.

2 December 2024 | 21 replies
As others have said, conventional investment loans are an option, as well as DSCR loans.

10 December 2024 | 2 replies
At this time in the project, is it possible to take out a loan against the property in order to buy a great investment which would be a patch-n-paint and could become an awesome rental?

2 December 2024 | 6 replies
That being said, most originators are hit with a clawback penalty if you payoff your loan within 6-9 months, meaning that the originator has to repay all commissions and fees to the buyer of the loan if you payoff the loan within that period.

9 December 2024 | 15 replies
I've seen you post a few times about 70% max leverage but 75% is widely available, at lease with non-conventional 30Y DSCR loans.

11 December 2024 | 1 reply
The loans were varied and some were able to close sooner than others and they wanted to close before the others but we held out because we needed to close all of them at the same time to avoid any last minute standoffs or complications.

10 December 2024 | 2 replies
you probably know this but - there are holding costs associated with most flips - interest on the loan, insurance, and sometimes others depending on the localityhope this helps

12 December 2024 | 7 replies
One of the biggest red flags I have as a lender (who lends my own money as well as secondary market loan) is when a rookie tells me there goal is to buy 10, 20, whatever properties in the next year. my next question is how many do you own currently?

5 December 2024 | 37 replies
I know that sounds weird, but you build wealth faster on bigger properties due to higher rent prices, bigger loan buy down, tax savings, and appreciation.