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15 May 2024 | 2 replies
We ended up with a lender that specializes in tiny houses out in Utah, but they ripped my arm and leg off in terms of interest rate and down payment.
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13 May 2024 | 1 reply
I was getting interest rates that were slightly over 7% for a fixed, and I recently learned about the 5/6 ARM through my local credit bureau who I had financed my car through many years back.
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14 May 2024 | 4 replies
Purchasing a property from your LLC would I believe be considered a non arms length transaction and could affect how loan products work.
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15 May 2024 | 11 replies
Most of what you suggested would be an arms length transaction and wouldn’t pass underwriting anyways and cost time and money to do the deed transfers and such!
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14 May 2024 | 10 replies
It may be possible to get a 30yr amortization, but I'm guessing you'll have to get a shorter term ARM.
14 May 2024 | 22 replies
All these fees needs to be arm's length rate of course and need to be documented.The interest rate is one portion of your deal.
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16 May 2024 | 158 replies
Wealthability is a marketing arm that actually just outsources to CPA firms in their "network".
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14 May 2024 | 15 replies
43608 (and the similar single-digit zip codes) fall into the 80/20 rule...stay out of 80% of them and the quality changes with every block.
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13 May 2024 | 25 replies
Agree with @Joe Funari - we only work with local/community banks and regional banks - they are quicker to respond, take a personal interest in partnering with your real estate business to see it have success (which makes sense, because they want you to make good on your loans), and offer much better rates than hard money loans - we don't pay any origination fees, they can even fund in less than 30 days, and interest rates have never hit double digits over the past 2 years.
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14 May 2024 | 125 replies
If you agree with this, aren't you better off selling, recapitalizing yourself and focusing on better opportunities armed with the relationships and knowledge you now possess?