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11 February 2025 | 4 replies
Based on my research, several lenders stand out, but I’d appreciate firsthand experiences.Key Considerations:Loan Terms: Fixed rates up to 35 years, interest-only periods (e.g., 10-year interest-only options), and non-recourse structures.Competitive Rates: Recent transactions show rates ranging from 2.69% to 4.65% depending on LTV (55%–80%) and property type.Lender Specialization: Some lenders excel in specific areas:Greystone and Walker & Dunlop lead in Fannie/Freddie volume and large-scale refinancing.Arbor Realty Trust is praised for smaller-balance loans and flexibility.CREFCOA offers streamlined refinancing with 45–60 day closings and cash-out up to 80% LTV.HUD 223(f) loans provide 35-year fixed terms, ideal for stabilized properties.Questions for the Community:Have you worked with lenders like Greystone, Arbor, or Freddie Mac?
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4 February 2025 | 12 replies
I'd say start the process of securing your HELOC if you havn't done so and spend time analyzing deals and determining what type of investor you are looking to be.
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2 February 2025 | 9 replies
I'd recommend reading these articles on BP for answers to all your questions!
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20 February 2025 | 21 replies
I'd challenge you to scroll through the forums here to see all of the self managers who are dealing with nightmare tenants and situations in order to save a few bucks per month on PM.
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29 January 2025 | 8 replies
If they actually use a reputable title company I'd do it but if not, I won't trust them.
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20 February 2025 | 23 replies
sure, If you PM i'd be happy to engage in conversation about this.
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28 January 2025 | 10 replies
I'd love to connect and support you as you start on your journey.
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15 January 2025 | 11 replies
I imagine cost of labor might be a little bit cheaper in Idaho compared to Connecticut as we ended up paying 10k for gas furnace and 5k for AC with 10 yr warranty for Lennox product.
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30 January 2025 | 8 replies
I'm thinking about selling but thought I'd reach out to the community to see where I might find a reasonable price?
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29 January 2025 | 32 replies
I’d start with a smaller deal - buy a 6 to 12 unit say - raise money from your social and professional sphere - people who know you - who you have a beer with etc.