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Results (10,000+)
Kenzer Hodgson LLC or Umbrella policy
8 January 2025 | 14 replies
I'm sure current interest rates are higher than what you have locked in, and properties in an LLC are subject to higher rates.
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?
Josh Nelson Sold 2021Family Home Converted to a Rental
4 January 2025 | 0 replies
I learned that with an A-Class tenant expectations are higher and had to step up my level of service.
Jimmy Rojas Best place to get a -$40k personal loan
31 December 2024 | 3 replies
So, the payment will be higher than a 30 year mortgage. 3.
Patricia Andriolo-Bull Stessa - 179 deductions
10 January 2025 | 12 replies
My expenses are lower in Stessa and my CapEx is higher.  
Marc Shin Changing my primary mortgage to a HELOC
30 December 2024 | 5 replies
Main goal of All In One heloc or 1st Lien Position Heloc:  Lower your daily average balance.Main Drawback: Rates are substantially higher than 60% of current 1st mortgage balances.If you are mostly living paycheck to paycheck and your money leaves your account as soon as it comes in to pay bills, this is not for you. 
Steve K. Due On Sale Clause About to Become More Common?
12 January 2025 | 185 replies
Due on sale if the lender calls it the cost of capital for lenders now is much higher than in the past so they would not make that much relending the money out.
Beau Wollens First time fix and flip opportunity in Stamford Connecticut - Total Gut Renovation
29 January 2025 | 13 replies
Since Stamford’s market supports higher-end finishes, who is your target buyer, and do you really need top-tier finishes to maximize ROI? 
Godsheritage Adeoye How to takeover Subject to loan
3 January 2025 | 7 replies
So the lower the interest rate on the subject to loan, and the higher the prevailing rate, the more chance that a lender will initiate action.   
Chris Boling Cincinnati Property Manager
2 January 2025 | 11 replies
For higher-end properties in Cincinnati, everyone seems to claim they can handle it, but then there are performance issues.