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20 January 2025 | 0 replies
I financed this property using down payment funds from 403B and a local commercial bank.
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17 January 2025 | 4 replies
When loans were called, was it due to specific triggers like delinquencies, insurance lapses, or low-interest rate portfolio loans held by smaller banks?
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13 January 2025 | 2 replies
Purchase Terms: Clearly outline the terms for your brother to purchase the property from you, including the timeline and price.To minimize the financial burden on your HELOC, refinance the property into a traditional mortgage as soon as possible.
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29 January 2025 | 12 replies
If comps for a 3 unit property are in the 950k range, then that is what it will come in at.The revenue from the STR will have no bearing on the value of the property itself.People argue about it from time to time, but I spoke with 10 different lenders, banks, credit unions, private lenders, etc etc and they all said the same thing.
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22 January 2025 | 14 replies
Now my investor network as expanded and the best split I have experienced was 65/35 in my favor but I invested 40% of the cash and created over a million in imputed equity before any investor dollar was raised allowing me to originate a bank loan at 87% LTC.
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28 January 2025 | 11 replies
You can talk to the bank about a loan; however, my bet is they will want some form of contract and scope of work and will only pay him at set milestones.
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24 January 2025 | 2 replies
These qualities are far more valuable than the numbers in your bank account.7.Set clear goals.
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22 January 2025 | 6 replies
So far everyone that has predicted rate drops have been wrong so I wouldn't bank on it.
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24 February 2025 | 20 replies
You could see if a local credit union or community bank will give you $20K.
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1 February 2025 | 56 replies
You are selling the wrap mortgage to payoff the lien (that you owe if you were the seller on a wrap).Probably 80% of the notes we buy we have a payoff to an underlying 1st lender where the seller on the seller financed note still owes money to a bank from when they bought the property.