Cory M.
No W-2, Looking for Loan Options
21 December 2024 | 14 replies
Since they keep the loans in-house instead of selling them on the secondary market, they can tailor loan terms to meet your unique circumstances as an overseas borrower.If you have strong assets or savings, consider looking into asset-based loans or no-doc loans.
Leslie L Meneus
Is Franchising/Business Ownership "Really" Not Considered REI?
30 January 2025 | 4 replies
The sale failed and he still owns it.One of the potential solutions is to use an SBA 504 loan for the real estate.
Fara Heath
Best way to finance this deal?
10 January 2025 | 1 reply
My inclination is to suggest paying back the PML 70% of the land proceeds (presumably $168K) at that closing and then hold the remaining loan until I sell the house.
John Friendas
Rooming House Passing Conventional Appraisal as Single Family
22 January 2025 | 4 replies
THe lender is a credit union and it is a conventional low rate loan.
Chris Mahoo
Long term rental when you are not full time real estate professional
22 January 2025 | 10 replies
@Nick AmDepreciation is a ZERO % interest loan.
David B Graham
Financing needed for multi family
16 January 2025 | 3 replies
Are you needing a long term or bridge loan?
Mitchell Catoe
Loans
21 December 2024 | 10 replies
To summerize, a DSCR loan, aka lite doc or business purpose loan, uses the rents you receive on the property and divided by the new loan PITI to receive a ratio.
Alex Fenske
I bought a neighborhood strip center and brought no money to the closing
20 January 2025 | 3 replies
We did that for about 3 years until Jeff informed me he'd fallen behind on property taxes, and all of his lenders called the loans due.
Huong Luu
Keep or Sell?
18 January 2025 | 1 reply
Bonus - the interest on the loan is tax deductible!
Marina Wong
711 Rescue - does it help LP in case of imminent foreclosure
21 January 2025 | 19 replies
Quote from @Jay Hinrichs:Jay, it does look like one of the strategies of this 711Rescue is to restructure the loan for their clients, but at 2x DSCR!