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30 January 2025 | 10 replies
Is there a private entrance/parking or room to make one?
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27 January 2025 | 8 replies
I've closed a bunch of loans with Kiavi, Roc, and a few with ABL, I also closed with RCN, Easy Street, Lima One, and some smaller private lenders.I've come to the conclusion that the experience at the lender is not globally good or globally bad.
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27 December 2024 | 2 replies
This provided a substantial return on the initial investment and freed up capital for future projects.Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender•Appraised Value: $160,700•Monthly Rent: $2,150•Cash-Out Refinance: $3,200 after paying off private lender and myself•Rate and Term Refinance: 30 yr amortization, 7.25% interest, 70% LTV•DSCR: 1.45%Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)With a 40% expense ratio, the DSCR is approximately 1.45.
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28 January 2025 | 19 replies
They are on a big push to get back in the game though, have you seen their recent ads stressing that they only list private homes?
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7 February 2025 | 25 replies
If you’ve been affected, please comment below, and we’ll find a way to connect privately to discuss next steps.
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7 February 2025 | 12 replies
I'm currently in Potomac, working at a private school here.
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6 February 2025 | 2 replies
I'm starting to see more private note holders reach out to get a loan against the performing note they hold.
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6 February 2025 | 17 replies
Thanks @Iris OlivasI did some searches and ended up on a site that provided state by state listings of Private Lenders some of whom did 75k and up.
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26 January 2025 | 8 replies
I went to 35-40+ different markets a year each year from 2014-2016 to scope out places to lend privately.
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21 January 2025 | 27 replies
Highlight the area shopping, business etc, distance to schools .