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16 January 2025 | 2 replies
Most mortgage companies will not call loan due if payments are current but you do run that risk and need to be prepared to payoff or refi at a moments notice.
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3 February 2025 | 8 replies
Honestly is better spent as a down payment on a second building.
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29 January 2025 | 23 replies
Come up with terms (Down Payment, Interest Rate, and Amortization Schedule) such as a 5% Down Payment, a 6% Interest Rate, and 30 Year Amortization Schedule.
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7 February 2025 | 25 replies
This felt like they were turning me into their money-making machine.If they’re charging $10K upfront, plus $200 per month, and taking 50% of the profits, why aren’t they putting in 50% of the work or covering 50% of the down payment?
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3 February 2025 | 26 replies
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
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27 January 2025 | 5 replies
Does the revenue good enough at least to cover the mortgage payment?
4 January 2025 | 5 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
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26 January 2025 | 16 replies
.$150 x 12 months = $1,800If you put $45,000 into real estate as a down payment, you are looking at a 4% cash on cash return.I would consider this decent.If you put $20,000 into the deal, the cash on cash return is higher and its better.If you put $200,000 into the deal, the cash on cash return is lower and considered worse.However, cash on cash return is not the only return you should consider, you should also consider appreciation.My benchmark is trying to achieve atleast an 8% return between appreciation and cash flow.Best of luck!
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23 January 2025 | 0 replies
Cash Payment: Decide whether you'll finance the purchase or pay in full.Future Resale Value: Factor in potential appreciation of the property.2.
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20 January 2025 | 0 replies
I financed this property using down payment funds from 403B and a local commercial bank.