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28 June 2024 | 6 replies
anyone have any experience with investment property loan exchange
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27 June 2024 | 13 replies
I've had to decline many loan requests because the income production doesn't cover the expenses and there's no way to make the math work.
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28 June 2024 | 6 replies
I’ve heard about ‘gap funding’ for fix & flips to cover down/closing/holding costs in addition to the hard money loan for most of the purchase price & rehab, but how realistic is it to secure that type of funding?
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28 June 2024 | 2 replies
Hypothetically, if I took over someones existing mortgage subject to and owned the property cause I have the title now, would I be able to get a home equity line of credit or equity loan on that property if it had a good amount of equity?
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28 June 2024 | 2 replies
He owes $89,000 in mortgage and loans, with ~$1000 in liens.
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28 June 2024 | 9 replies
In most cases they will try and help where they can.Not saying this is right or wrong but I had a similar situation with a property and after getting past the underwriting and securing it I went to the city (Atlanta) and said I just acquired the property, realized it was a quad that was converted from a duplex sometime in the distant past but the building was still zoned as a duplex and wanted to go through the process of having it moved to a quad.
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29 June 2024 | 10 replies
You can then determine the best time to sell based on your own personal situation as well as macro supply/demand factors at the time you wish to sell.
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29 June 2024 | 1 reply
I'd have interest in facilitating these types of deals and paying you that fee that's nothing for the value you are bringing if you really are. that's about 2 points on a hard money loan which isn't a lot, if you are flexible on payment structures we'd pay you out of construction draw proceeds each time we receive money we pay a portion of your commission back
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25 June 2024 | 17 replies
Usually a 1 to 1 or 1.25 is standard..or the $1k needs to be sufficient to cover the PITI of the proposed loan.
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28 June 2024 | 2 replies
Our lawyer got written confirmation from the city they would not enforce the setback requirements, since the sign was legal before and only their desire to annex land changed the situation.