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30 January 2025 | 4 replies
Think of this; if the buyer can't qualify for a bank loan,,,, why the heck should you stick your head into a note and mortgate noose??
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18 January 2025 | 1 reply
The bank will make you leave 25% equity in the property - but you also still want the property to at least cash flow some - so be careful how much equity you pull out / new debt you take on.I would do a cost benefit analysis of what your actual gain is in cash-flow on buying a new property with a (currently) higher interest rate (if financing), versus just holding on to the current appreciated property and enjoying that cash flow.All the best!
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3 February 2025 | 37 replies
“BUT” up to 60% occupancy all of the cash flow goes to the bank for PI which is good.
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23 January 2025 | 8 replies
@Drew Sygit Trying to understand paying bank this loan rate is good idea or payoff principal early is a good idea.
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27 January 2025 | 4 replies
It is the interest rates at which banks lend to each other and is short for Secured Overnight Financing Rate.
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9 January 2025 | 15 replies
Mark, the good news is there is not any banks doing this.
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20 January 2025 | 10 replies
I've also used traditional loans through regional banks and a few SBA loans.
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14 January 2025 | 8 replies
I contacted Buildium and they confirmed they do not offer credit card tracking, but offered a workaround which was to set up a credit card as a bank account, and when there is a balance it's just always negative in the bank account, and this would allow you to track individual purchases like it was a checking account.
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16 January 2025 | 6 replies
The location all in,cost him X; he got an appraisal for the bank from CBRE national firmof XX and now the firm who called him mentioned paying XXX.
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16 January 2025 | 3 replies
However I would say those lenders would be more willing than a bank to write the mortgage, and after completion you can refinance it.Overall, its probably easier and better use of your time to just find another house that doesn't require the construction and where the numbers make sense.