4 April 2024 | 6 replies
Not only that but I also would like to connect with everyone, investors, private lenders, loan officers, tax consultants, attorneys, contractors, property managers ETC.
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4 April 2024 | 6 replies
Am against ELOC variable rate for longer duration loans, but your current rates would make a refi undesirable.
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4 April 2024 | 4 replies
@Jamaar BrownOn a BRRRR if your not “All In” (purchase & rehab) at 70% of ARV you will leave some of your cash in the property when you do a cash out refinance into your long term hold loan for the property.It’s not the end of the world, but it’s a rock solid ROT if you want to consistently cash out all your capital back out on a BRRRR.
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1 April 2024 | 5 replies
Would a 203k loan work in this situation or do I have to apply for a personal loan?
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1 April 2024 | 6 replies
Lets say: 200k to buy and $50k for rehab - thats $250k loan.
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4 April 2024 | 4 replies
You can get great cash-flow (In the right locations), use conventional loans (lower rates), have less to manage, and get in for a lower price.
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3 April 2024 | 5 replies
I thought owner occupied loans are supposed be lower interest rates then non-owner occupied loans or DSCR loans also I asked the lender if she could adjust the purchase price to $750,000 to see if that would lower the interest rate and the interest rate actually went up to 8.625% and pay 0.353 points I'm thinking I should find a mortgage broker that can quote me with multiple lenders to shop the rate and loan costs instead of a direct lender Thank you for the help!
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2 April 2024 | 1 reply
This will be a steep learning curve, lots of work for you plus labor needed for the warehouse and good luck setting appropriate pricing with no experience.Why not simply lease the warehouse NNN?
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3 April 2024 | 14 replies
It doesn't sound like a bridge loan.