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15 January 2025 | 14 replies
My endgame is to end up with $300k/yr in post-mortgage income in 20 years based on investments I make now followed by continued investments over the next 10-15 years own.
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22 January 2025 | 9 replies
This is a post based off of curiosity.
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19 January 2025 | 47 replies
It's a loan based on your revenues.
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14 January 2025 | 3 replies
We are based in NYC but are considering (as of now) locations outside of NY but within a 300 mile radius.
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23 January 2025 | 7 replies
This will vary based on region but in general 2 – 5 points, 9% - 16% APR (meaning this is the annual rate so divide it by 12 to get the monthly interest amount), and documents fees can be from $600 – $1,900.
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13 January 2025 | 15 replies
I haven’t gotten a tour yet, but based on driving by and photos of the inside, it looks ready to rent right away.
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13 January 2025 | 5 replies
They're highly popular for turnkey rental properties because qualification is primarily based on the income generated by the property itself rather than the borrower.
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28 January 2025 | 11 replies
The interest being deductible is based on the use.
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13 January 2025 | 8 replies
Assuming a 40% expense ratio, the net operating income at the current income level would be around $19,440 annually and $28,800 after renovations.At a $360,000 asking price, the cap rate based on current NOI would be 5.4%, which is low for a park with park-owned homes and required renovations.
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13 January 2025 | 15 replies
Most hard money lenders base their terms on the deal’s equity and your experience, so with a solid flip track record like yours, you should be able to find better leverage — especially if the deal has a strong ARV.What's the ARV on the property?