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8 May 2024 | 9 replies
Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
6 May 2024 | 62 replies
I am going to give it another 12 months to see if rates come down, as my first mortgage has a 6.25% rate and my second has an 8.125% rate.
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7 May 2024 | 3 replies
PML are giving very high interest rates of 10% plus.
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8 May 2024 | 7 replies
If you haven't purchased the course yet, definitely PM one of my friends has a company that offers the course at the best rates and with great instructors.
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7 May 2024 | 8 replies
This places you in the third tax bracket, with a 22% rate.
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9 May 2024 | 19 replies
Employing this approach, the fund I previously worked for achieved a 4.93 rating.
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9 May 2024 | 9 replies
Currently in DFW (assuming, because MKE may be similar in this regard), I would find it a surprise if you cover your cost of living completely (i.e. living for $0, or getting paid while in the unit) at this time of relatively higher (read: historically AVG) interest rates compared to 2-10 years ago.
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7 May 2024 | 9 replies
Great time to for multifamilies rents are high rates are dropping and values will continue to climb for 2024!
7 May 2024 | 1 reply
I don’t see the sense in paying off my own house at presumably low interest rates, and exchanging that for a higher rate, variable interest line…unless I have a really good plan for not losing my house.
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8 May 2024 | 4 replies
Our strategy is to improve the property and raise rents above the HUD rate.