
4 June 2024 | 5 replies
It is much easier to talk about being conservative when the sponsor implies that they are CHOOSING to keep millions in reserves or buy a low interest rate cap.

4 June 2024 | 2 replies
Cash flow with a 7% interest rate is hard to find, unless you are comfortable with fixing something up.

4 June 2024 | 8 replies
Additionally, other lenders are offering either a 70% LTV or unfavorable rates at 80%.

5 June 2024 | 1 reply
Assume 8% mortgage rate and 30-year term.

5 June 2024 | 6 replies
Usually the interest rate and points are a little higher up front than a traditional lender but it's a good alternative to bringing on a partner.

5 June 2024 | 3 replies
Above 5+ units is possible but more challenging and rates are where you would expect them..50-65%LTV will be common for higher plex units, a common workarounds is if they have a US based family member or business partner with an LLC..Some investors or lenders have specific countries of origin that are restricted or even prohibited, check with your mortgage professional.

4 June 2024 | 4 replies
What has been the vacancy rate?

4 June 2024 | 4 replies
The CMA is right on the sale price - My payments to the seller includes a 25 year amoritization rate, so my monthly "mortgage" to the seller(300k with interest) is greater than their current mortgage. (200k with the same interest rate)- Going the regular financing route (25% down) is not desirable since I would need to dip into my primary residence HELOC for the downpayment.

5 June 2024 | 10 replies
Most of our current inventory qualifies for a 4.25 to 4.75% intrest rate and can acquired with as little as 5% down.

3 June 2024 | 2 replies
You could try your hand at one of the numerous online services that advertise this stuff but I've found it better to start the relationship early with an actual person as opposed to a faceless online service.