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8 January 2025 | 11 replies
Hyattsville and surrounding areas are more affordable than other parts of the metro.
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14 January 2025 | 39 replies
I know Hunter is busy, but it seems like something more needs to be in place for people that have just onboarded, though maybe I'm just not being patient enough as I'm sure they onboarded a surge of people in conjunction with the really excellent production.
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13 January 2025 | 5 replies
Mozeo is a fairly user-friendly software, and very affordable.
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22 January 2025 | 2 replies
These areas are becoming 'micro Big Sur-esque,' a more affordable piece of the Pacific Wonderland.
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25 January 2025 | 15 replies
Japanese people culturally like brand new and shiny products and you will have a small market of investors who won't touch unless you offer attractive yields.
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5 February 2025 | 13 replies
Then you could use a DSCR product to cash out refinance into a 30-year mortgage.3.
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7 January 2025 | 8 replies
Then connect with some hard money lenders (you can find some here on BP as well as some who are typing this right now) and connect with them to understand their product type, what they like to lend on and requirements.Hard money broker is all numbers game of making relationships and helping those that are looking for financing, it starts out slow but if you get with a few good borrowers and lenders it can be pretty decent money to be made.As an example we paid six figures last year to HM brokers.
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11 January 2025 | 7 replies
You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1 Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.
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18 January 2025 | 21 replies
However, if you intend to work with a hard money lender or utilize a short-term loan product, you're on the clock for repayment, which can be stressful if things go sideways.
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17 January 2025 | 14 replies
We have a commercial 30Y fixed DSCR product that may work for you.