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29 January 2025 | 4 replies
If you buy an investment property with your IRA, most require a non-recourse loan.
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7 February 2025 | 8 replies
In some instances the estimate may be less important but rarely if ever do I not see a requirement for no appraisal unless the value is 4x the loan amount.
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28 January 2025 | 4 replies
My client had some things come up that prevented her from executing, but these were some of the options I had put together for her, a regional bank, a regional CU, and a national bank.Reminder that NOI sizes CRE debt, and that's often what determines the down payment requirement, not anything to do with the client or particular lender, just the property itself.
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22 January 2025 | 14 replies
A smart seller/listing agent will likely require a large EMD to tie you to performing on your offer, so be prepared for that.
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8 February 2025 | 3 replies
If they are pre forecloure/foreclosure, probate, or lists that require fast access to the lead to gain an advantage how new is the list and are the leads already on the prominant platforms like Propstream and Propwire?
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5 January 2025 | 4 replies
If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.
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28 January 2025 | 4 replies
You need an income that meets three requirements:Rents increase faster than inflation to offset constantly rising prices.It must be reliable; it continues even during economic downturns.It must last throughout your lifetime.These are all long-term requirements, so the current interest rates are not the major issue.
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29 January 2025 | 2 replies
It’s likely the GC will subcontract the concrete work to a specialist while they focus on managing the permitting process and ensuring everything is done to code—especially if there are ADA requirements involved for the ramp.Let me know if you need help navigating the process or any tips for working with contractors.
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27 January 2025 | 6 replies
Our rates are 7-12%, with no down payment required.
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27 January 2025 | 8 replies
Lending capacity should only matter to those with large borrowing needs and require large legal lending limits but that wouldn't apply to hard money lenders anyway.