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13 August 2024 | 2 replies
Add up these numbers to find the total amount of money required to close the sale.Private lenders can help manage cash flow during property renovations or lease-ups by providing more inventive financing options like interest-only payments or deferred payments.
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11 August 2024 | 10 replies
I would agree with this - its probably too soon / not economical to do a cash-out refinance at this point - options for freeing up equity would probably be best served via HELOC or something to that effect
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13 August 2024 | 7 replies
I’m married with 4 kids, I make about $175k a year, we have about $250k of total debt, about $500k to $600k in equity in our current property, around $15k in liquid cash and close to $200k in retirement saving.What does action look like for me and my family?
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13 August 2024 | 9 replies
If so then I could lend with a bridge at 70%, but if you're looking for a DSCR, with a better rate and longer term, then I could get you 75 or 80% depending on the Cash flow and your FICO.
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14 August 2024 | 6 replies
BTW, I have a great agent, an 800+ credit score, a high paying tech job, no debt besides my mortgage, a home that's difficult to get a HELOC on because appraisers can't figure out what it's worth (I live in the country in a very unique mid century home), but only a small amount of cash.
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14 August 2024 | 6 replies
Could anyone give me any estimates of expenses and cash flow based on experience?
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13 August 2024 | 4 replies
However, I'd then still want to be able to get the cash back out of the property - so I'd be looking for some type of secured loan, backed by the raw land I guess?
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14 August 2024 | 14 replies
They have been investing in Columbus for the strong appreciation and cash flow.
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13 August 2024 | 3 replies
Looking to buy a brand new house 2023 price is reasonable and charging 0.8-1% of purchase price is do able..my question is financing real estate but my first property is almost paid off and has been an uninterrupted rental for 7 years thankfully 90% paid off, cash is tight...could take out loan against CC at 4% flat to pay off house then maybe leverage paid off rental (private mortgage)?
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13 August 2024 | 0 replies
Purchase price: $460,000 Cash invested: $50,000 Renovated both units, buy & hold.