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23 January 2025 | 2 replies
Loan officers with 25 years of experience typically are more experienced, and have less time per file, because they have an abundance of files.Loan officers with 25 months of experience typically are less experienced, but have more time to devote to you.I can't write my own loans, so when I'm getting a loan I prefer working with less busy people when I'm doing my own real estate investment, they're more responsive and dedicated it feels like.
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22 February 2025 | 4 replies
I try to pay off all loans as fast as possible because I feel like money wasted on interest is overlooked sometimes as people only focus on the amount of money coming in rather than the amount saved.As of today, I'm just focusing on establishing the best systems to analyze the markets, find properties, get financing, make wise renovations, and manage my rental properties.
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9 January 2025 | 6 replies
Business loans typically won't let you purchase a property if you read the fine print.
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3 February 2025 | 32 replies
Loan pay down and depreciation.
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21 January 2025 | 18 replies
Quote from @Beth Johnson: We pass all loan servicing charges through to the borrower including set-up fee, monthly fees, and any servicing charges such as payoff demand generation, and loan close out fees.
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20 February 2025 | 9 replies
$600 a month wouldn't be enough for me and serial refi costs money, generally loan time also.
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2 January 2025 | 0 replies
I have purchased the following books:ABCs of Buying Rental Property The ABCs of Property Management The ABCs of Real Estate Investing The Advanced Guide to Real Estate InvestingThe Book on Investing in Real Estate with No (and Low) Money DownWhat order do you recommend reading them in?
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24 January 2025 | 3 replies
You borrowed $388k and you’ve paid your loan down to $384k with your $30k in payments.
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24 January 2025 | 4 replies
We use a construction loan to build a 4bed 4 bath cabin.
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22 January 2025 | 6 replies
If the interest rates go up to around 7% again do the numbers still work for the remainder of the loan?