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30 October 2018 | 6 replies
You can cross that bridge when you get there.
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16 October 2018 | 7 replies
This is how I would categorize lenders with some basic limiting underwriting factors:Banks/credit units - long seasoning, GLOBAL DTI, rigid documentation, good/long-term ratesTier 1 private money (institutional private money) - Short seasoning, property DTI, rigid doc, good/long-term rates (not as low as banks)Tier 2 private money (institutional private money) - Short seasoning, NO DTI, asset based, moderate doc, higher long term ratesTier 3 private money (institutional private money - bridge term lending, typically interest only type loans for 12-24 months.
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25 July 2016 | 4 replies
TK providers and investors looking to buy on an ongoing basis will not go around you, otherwise they know they have burned a bridge.
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19 October 2016 | 8 replies
Easy for me to say 600 miles away and no market knowledge of your area but price just feels too high for that property.I am typically looking for north of $75/door preliminarily in cash flow...after modeling in all expenses, debt service and usually secondary investor/HELOC/bridge finance.
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3 May 2016 | 0 replies
I have also had HML's offer bridge loans but we often look for low doc financing for the properties.
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8 April 2020 | 3 replies
Also look into bridge loans or possibly getting the money gifted from your family or friends. 4.
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23 November 2015 | 2 replies
Here's what I think every investor should have:-A good realtor to find you properties, specializing in investment properties-A good bridge lender to finance quickly-A good crew to rehab it-A good mortgage broker and or conventional lender to finance your end user-Another realtor to help find you end users
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11 March 2016 | 10 replies
If the deal pencils you should be able to find a construction loan, bridge loan, ext to build.