18 June 2024 | 6 replies
Once purchased and repaired (with a HML) we refinance with a long term loan or a DSCR loan and obtain quite decent cashflow while enjoying the appreciation Denver offers.
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18 June 2024 | 7 replies
When I was working out numbers for seller financing, I got to the point of giving the owner $315,000 lump sum then taking over the loan at 2000/month however when you do ROI that means you'll get $800/month cashflow at best which is 800*12months for a total of 9600/year CF. if you do 9600/315,000 that means you get a ROI of 3%. which is not nearly as good as stock market. also 315,000 lump sum I do not have :( I need help.
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18 June 2024 | 38 replies
@Spencer FeuerbachYou can't get the same type of commercial loans or cash-flow refinancings.
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14 June 2024 | 7 replies
Will some lenders allow a DSCR loan on this property as is?
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19 June 2024 | 18 replies
if you use a DSCR loan expect your closing costs to be 5-10K and your rate to be in the mid 7s to high 8s.
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19 June 2024 | 7 replies
@Dan ThomasWhat don is doing is reselling the property with a :Wrap" loan.
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18 June 2024 | 5 replies
Planning to sell two investment properties in CA and buy one primary residence in CA.Property 1 is listed and expected to sell in August to September timeframe (Around 150K long term profit, total sale price around 0.85M, no loan)Property 2 is under renovation and expected to be listed in August-September, and close around October to November (around 400K long term profit, total sale price around 1.7 M, around 0.6M loan. ~1.1 M in cash).What is the best time to buy the replacement property?
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18 June 2024 | 15 replies
Possibly i'd subsidize the tenants and make the increase when they move because the market will eventually increase rent to catch up with the higher property taxes.After making all those improvements, I would lean towards the long term and try to get as close as possible to break even now while at least slowly increasing rent enough for the tenants to cover the property tax increase.
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18 June 2024 | 14 replies
I think they hold all loans in house so could potentially be more creative.
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17 June 2024 | 7 replies
Texas DOJ is actively investing this...so maybe your one loan may never even get picked up by them - by why risk it?