Jerry Shen
Buying RE with Bitcoin
9 December 2024 | 166 replies
Bitcoin and other cryptocurrency cannot be used as a down payment in a traditional mortgage (Conv, FHA, VA, USDA).
James Branaman
New Investor looking for land in Ojai & Malibu, CA + lender connections for rentals.
4 December 2024 | 7 replies
Considering a mix of long and short term rentals, with the STR’s being non-traditional structures targeting glamping clientele.
Karina Busch
How to get fixed rate loans on investment properties?!
2 December 2024 | 21 replies
How are people buying multiple non owner occupied properties on fixed rate traditional 30y mortgages?
Matt Wan
Does paying off a mortgage early affect future loans?
2 December 2024 | 6 replies
The vast majority of "regular" or traditional (Conv/Govt) mortgages are originated by specialty lenders and brokers and are sold in the secondary market to provide yield on bank balance sheets (think Chase or BoA) or to be securitized into MBS.
Christopher Warren
Multifamily Mindset $40k ????
10 December 2024 | 26 replies
The whole scheme was buy a foreclosure, "sell" it back to someone that can't qualify for traditional financing with seller financing at a higher rate, once note is "performing" you can sell the note and make a lot of money.
Sam Epperson
How to find off market deals for investors, as a realtor?
7 December 2024 | 8 replies
We buy, we can sell off market, or we can sell it traditionally.
Jalen Greenlee
Private Investor Refi or Suggestions on How to Move Forward
4 December 2024 | 2 replies
Our plan was to do the traditional house-hack, but things haven’t gone as planned.During some self-testing followed by professional testing, we discovered lead in several high-traffic areas of the home.
Rafael Ro
Safe and stable investment: Do I buy rental properties or keep money in a HYSA?
11 January 2025 | 67 replies
@Rafael Ro Traditionally, investors have targeted Class B properties.
Terrance Jordan
What’s Your Go-To Strategy for Securing Funding in Today’s Market?
2 December 2024 | 3 replies
Are you sticking to traditional banks, exploring private lenders, partnerships, or maybe something creative like seller financing?
Drew Giltner
Help me analyze this deal
5 December 2024 | 4 replies
I run sum numbers for you please see comments below before refinancing and post refinancing .If I were in your position, I would approach it as follows:Initial Investment Assumptions: Market Value: $360,000 Purchase Price: $360,000 Equity: $0,000Financial Breakdown: Hard Money Loan (LTV 100%): $360,000 Interest Rate: 10% (30-Year Amortization) Monthly Payment: $1,995Upfront Costs: Origination fee (1%): $3,600 Closing Costs (3%): $10,800 Renovation Costs: $10,000 2 Month of Carrying Costs During Renovation: $5,390Total Upfront Required: $29,790Total Capital InvestmentPurchased price $360,000 Upfront Costs $29,790Total: $389,790To make this investment work, you need to rent the whole property for at least $3,165/month, refinance it let say after one year with 5% interest with a traditional mortgage.Year One Rent: Monthly Rent Income: $3,165 Monthly Rent Losses during renovations (2 Months): -$6,330 (-$527/month distributed over 12 months) Total Rent Income: $31,650 per year => $ 2,638 per monthMonthly Expenses: Hard Money Loan Payment (10% Interest): $1,995 / per month interest only Property Tax (Assuming $3,000/year): $250 per month Property Insurance (Assumption): $100 per month Utilities (Hydro, Gas, Water): $292 per month Assuming 0% Vacancy first year Assuming 0 % Repairs & Maintenance first year because unit has been recently renovated Total Monthly Expenses: $2,637Monthly Net Cash Flow: $1Post-Renovation Refinancing Strategy:So far, we’ve purchased the property, completed renovations, and rented it out.Next, you can approach the bank for a refinance to consolidate your initial investment of $29,790 plus your 360k debt into a mortgage.