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25 June 2024 | 18 replies
Most require skin in the game on deals and work like this:Rates: 10% to 14% (Most Deals are 12%)Terms: 1 Day - 24 Months (Most Deals are 6 months)Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 Max Loan: 65-70% of After Repair Value(ARV) 100% Rehab Financing Available (Most Deals require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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24 June 2024 | 58 replies
I'm buying property / rentals to make money & build long term wealth via tenants paying my mortgage for me and gain the equity.
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23 June 2024 | 3 replies
Otherwise a typical DSCR loan based on market long term rents should be sufficient to qualify?
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23 June 2024 | 2 replies
Short term/vacation rentals interest me, but I'm open to learning as much as I can about anything at this stage.
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23 June 2024 | 67 replies
@Marlia Stone What is your long term goal?
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23 June 2024 | 0 replies
Thanks"Reaching out from Sinistar, we’re a home-sharing platform dedicated to connecting property owners like you with displaced policyholders in need of mid to long term temporary housing.
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23 June 2024 | 10 replies
I’ve seen a few adds for commercial property loans with a 30 year term for properties with 5-9 units.
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25 June 2024 | 16 replies
Especially in terms of framing, sheetrock, or painting crews.
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20 June 2024 | 2 replies
Get with a good local agent who understands the submarkets, and buy for the long term.
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23 June 2024 | 8 replies
Many portfolio lenders offer 30 year terms for multiple family.