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4 June 2019 | 3 replies
-asked for seller carry of $165k @ 2.5% IO, 30yr amort with 5yr balloonMy plan is to:-convert the 2/1’s to 3/1’s-raise rents to $1,350 for each 3bd ($5,200 total)-combine existing single car and 2 car garages and convert them to a 1bd/1ba in each property, turning each duplex to a triplex-rent the new 1/1’s for $650 each, bringing total rents to $6,500My assumptions:-3 bedrooms will rent for $1,350 in zip 92345-cost to convert bonus rooms to bedrooms = $2,500 each ($5k total)-cost to combine and convert garages to 1bd/1ba $30k each ($60k total)
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23 July 2020 | 92 replies
Here on the multifamily side we're still seeing Fannie quote fully levered, 10-year term / 5 IO, 30 year am, yield maintenance prepay, in the mid - high 3%'s depending on market, asset, and sponsor.
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25 June 2018 | 45 replies
OH....IO!
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23 March 2020 | 0 replies
We have a web based platform that syncs in real time with our iOS app and allows coaches and players to view 360 practice footage directly from their phones.
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8 November 2022 | 5 replies
The terms are what matter to you (fixed vs adjustable, rate, IO vs fully amortized, prepay, etc)
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26 September 2017 | 3 replies
No way to edit posts in the iOS app?
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14 December 2017 | 5 replies
@Lisa V.We disabled the Pro exclusive forum in our iOS app to comply with Apple's terms of service.
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13 May 2019 | 177 replies
It might have been clunky at the start or more expensive, but how many .net or .io's do you see out there?
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29 November 2022 | 8 replies
This is buying a property distressed with a short term 12 month IO loan - renovating (value-add) - and then cash-out refinancing at 6 months.
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18 November 2022 | 2 replies
Dig in and figure out what terms work for you that will tickle the sellers fancy, and then offer modifications of the other factors that may be less important (like interest rate, amortization, duration of Interest Only portion, balloon term, etc).As an example, if a seller wants $500k for a home and I can offer him $500k or $510k with seller carry on a 3-year I/O loan that balloons then, then what the seller sees here is primarily "I get my price and I'll have all the money within 3 years."