Sino U.
If you were to start now, where would you choose?
11 December 2024 | 12 replies
I would look for a bunch of Sub To Deals with 2-3% interest rates ...... then rent out for cash flow and huge equity build up when rates are really low (check out amortization schedules and compare 2-3% vs 6-7% with the same balance and length of time - check out the principal portion each month - the lower the rate the higher amount goes to principal PLUS better cash flow).
Micaiah Marquette
Seller Second Mortgage on an 80% LTV First Mortgage
11 December 2024 | 2 replies
My idea to buy a home is to get an 80% LTV 1st mortgage from a bank, take over that mortgage and give the seller a second mortgage for 50% of the 1st mortgage balance because I need some cash to cover the payments, which the amount of cash would be more than the remaining equity in the home.
Dan Dares TM
Sponsor / Key Principle
8 December 2024 | 4 replies
Yes it’s common to have an additional guarantor who has a balance sheet added as a credit enhancement.
Dustin Sanders
Any 10-15% DSCR Loans?
19 December 2024 | 26 replies
And, even then, hitting your rate target would still be extremely challenging unless you were paying points up front, in which case it would probably make more sense to just try to put in a bigger down payment (or pay down the balance if refi) instead and get better terms naturally offered at the lower LTV.
Pete Tarin
Assumable mortgage purchase
10 December 2024 | 4 replies
You'd need to come up with the seller's equity (the difference between the loan balance and the sales price).
Carter Mayberry
Refinancing my current FHA to Commercial Financing
13 December 2024 | 15 replies
It all depends where your current balance stands.
Rafael Ro
What are some realistic tenancy terms and maintenance costs (turnkey)?
19 December 2024 | 5 replies
I think there is a weird balance here, among professionals, where people may not want to bad mouth fellow professionals, particularly from the same areas, which can create a skewed picture.
Ben Johnson
Rental Income only - HELOC (accessing equity in hard times) HELP!
15 December 2024 | 12 replies
If you dont sort out your global cashflow, this may only prolong the inevitable at the expense of your equity.Option 2 would be leave CA and shrink your balance sheet by selling the properties and paying off the CC debt.
Ryan Goff
Grocapitus - Anyone have experience with them?
11 January 2025 | 168 replies
No income statement, no balance sheet, nothing that can give you correct financial picture.
Brett Siegel
Aspiring Real Estate Investor Ready to Dive In – Advice Welcome!
12 December 2024 | 4 replies
and am eager to connect with experienced investors to gain practical insights.What I’m Looking For:Advice on identifying cash-flowing properties and understanding market trends in Lynchburg or similar areas.Recommendations for a local real estate agent or property manager with experience working with investors.Insights on how to balance active and passive investing as I grow my portfolio.I’m grateful to be part of such an inspiring and knowledgeable community.