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24 July 2024 | 10 replies
I would plan to put in a 5% down payment on the home.My goal with this is to buy a cheaper home first, fix it up, and roll equity from that for the next big house/goal "dream" home in the future.
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24 July 2024 | 15 replies
Since the VA is updating things as we go, this allows us to easily see up to date things like outstanding balances, SREO, rent roll and equity position all in one system.
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24 July 2024 | 8 replies
But at that price point , that will be fairly minor.Once you hold the hard money loans for the seasoning period the portfolio lender requires, just roll over into that.
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26 July 2024 | 37 replies
You know how a snowball gets bigger and bigger the more your roll it?
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25 July 2024 | 33 replies
Some fraudsters try to avoid repaying investors' principal by convincing investors to "roll-over" their promissory notes upon maturity.
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27 July 2024 | 108 replies
Those Annuities don't sound great, 6.4% yield if just you on the policy and only 5.8% if you add your wife to inherit the policy if you die someday (sorry but high likelihood, nothing lasts forever)consider as recc above, find a few good syndicators with several upcoming deals you can identify within 45 days of the sale of your condos (sell all 15 as a package to some investor), then invest as a TIC, tenant in common, with one syndication deal, there won't be any fees, then make sure it's a longer term 10 year at least investment, then keep rolling until death.
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22 July 2024 | 8 replies
We never took out the equity from the property; however, if I were to do it again, I would likely have done a cash-out refinance or a HELOC so you can pull out the equity and roll it into the next deal.
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23 July 2024 | 15 replies
Also, I was able to roll fees into the loan amount.
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26 July 2024 | 75 replies
If you need an extension for some reason most are really good about giving you a little extra time if it came to it because they don’t want to have to do the work to take over the project.HoldsLTV - 75-80%Interest - 3%-3.75% as an arm from 5-7 years (we don’t plan to hold forever so better rates are more appealing to us here)Amort - I push for 30 year but a lot are 25No feeRehab loan if needed which rolls into PITI as you draw funds.