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14 February 2025 | 43 replies
"you are the average of the 5 people that you hang out with" is complete BS and just guru talk.
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14 February 2025 | 8 replies
Feel free to reach out about how we can help you scale.
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16 February 2025 | 16 replies
Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).
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10 February 2025 | 11 replies
I did manage to get the flip rented out on a lease option.
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10 February 2025 | 29 replies
Thank you for putting it out there and potentially saving someone else in the future.
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19 February 2025 | 6 replies
Although if you’re renting out right now in Boston winter will seem a little slower.
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11 February 2025 | 15 replies
When you have the confidence & experience branch out and do one yourself.
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19 February 2025 | 13 replies
Freddie Mac Small Balance Loan (Dauphin County, PA)Loan Purpose: Permanent Financing (Refi & Acquisition)Loan Proceeds: $1,000,000 - $7,500,000Loan Sizing: 70-75% LTV; 1.30x DCR (Small Market) Amortization: 30 YearsLoan Term: 5-10 Year Term (Fixed), 10 or 20 Years (Hybrid ARM)IO Term: Partial Term IO (70-75% LTV; 1.30x DCR); Full Term IO (60% LTV; 1.45x DCR)(Small)Rate Types: Fixed & Hybrid ARMRate (Est): 6.10%-6.60% (Assumes Mission Driven)Rate Lock: Rate Lock @ ApplicationNon-Recourse: Non-Recourse w/ “Bad Boy” CarveoutsPrepayment: Standard - Greater of YM or 1.00%Flexible Prepay: Flexible Options – Stepdown & Extended Open/Par PeriodsRate Buydowns: Yes – Rate Buydowns Available Up to 2.00%Assumable: Yes – Assumable LoanCash Out Refi: Yes – Cash Out Refi OKFannie Mae Small Loan (Dauphin County, PA)Loan Purpose: Permanent Financing (Refi & Acquisition) Loan Proceeds: $1,000,000 - $9,000,000Loan Sizing: 80% LTV; 1.25x DCR (Nationwide Market)Amortization: 30 YearsLoan Term: 5-30 Year TermIO Term (PTIO): Partial Term IO @ 80% LTV; 1.25x DCR IO Term (FTIO): Full Term IO @ 65% LTV; 1.35x DCR Rate Type: Fixed RateRate Lock: Rate Lock @ Loan CommitmentRate Structure: Treasury Yield + SpreadRate (Est.): 6.50%-6.75% (Assumes Mission Driven)Non-Recourse: Non-Recourse w/ “Bad Boy” CarveoutsPrepayment: Yield Maintenance; 1.00%; 3 Mos Open @ ParFlexible Prepay: Flexible Prepayment Options Available Escrows: Taxes, Insurance, Replacement ReservesRate Buydowns: Yes - Rate Buydowns Available Up to (1.25%-2.00%)Assumable: Yes – Assumable Loan Cash Out Refi: Yes – Cash Out Refi OK
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18 February 2025 | 21 replies
Quote from @Luis Cerwin: I have a single family house in Detroit (I'm out of state) for past few years.