Pixel Rogue
Buy, Rehab, Rent, Refinance, Repeat - got them all with questions on refinance/repeat
4 January 2025 | 7 replies
Do DSCR loans qualify if purchasing through 1031 w/debt-carry-forward requirements?
Ben Hofstra
Best Bank Account for my Situation
9 January 2025 | 9 replies
Last year one of our lenders would not lend to new customers or customers who have never did a commercial loan with them.
Nick Rivers
How to become an expert underwriting deals?
19 January 2025 | 11 replies
Or put in your interest rate here, and your loan balance there.The art is where I think most people struggle, and I don't think this can really be done without real world knowledge.
Graham Lemly
Financing Strategies for house I want - Hard Money, Rehab or Conventional?
4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?
Shayan Sameer
Using Home Equity for Fix/Flip or rental property
6 January 2025 | 8 replies
If you are already experiencing slim profits with a fix and flip loan, it will not be any better on a HELOC.
Jimmy Rojas
Roughly what interest rate and term am I looking at in my situation
10 January 2025 | 1 reply
Want to get a loan for $250k in AZ
Brian Chadwick
Selling one home to get three - smart or stupid?
21 January 2025 | 20 replies
you can use a DSCR loan if your DTI is too high for conventional.
William Taylor
[Calc Review] Help me analyze this duplex in Michigan - are these numbers correct?
12 January 2025 | 12 replies
A $240k loan amount on a $249k purchase price seems crazy and I'd never expect to produce any net positive cash flow doing this.How are you calculating your property taxes?
Mary Parsek
Financing to buy commercial real estate notes
13 January 2025 | 3 replies
I have a bank locally that will use DOT as collateral for loans.
Tom Hall
is it a good idea to pay of my mortgage fast?
6 January 2025 | 28 replies
Even if you only owe $26,000 on the loan, your payment will still be the same.