Phillip Mazur
When to “hold” em and when to “sold” em!
23 April 2024 | 7 replies
That gives you diversification, more freedom, and you are still invested without all the effort.Self-storage is hot right now, but it may be worth looking for a facility in your area that you can improve and self-manage.
Kenny Dofer
Unconventional investment strategy?
24 April 2024 | 1 reply
.* [Soon] Buy a condo with that cash, live on it, and pay the loan interest (as if it was my rent), basically making this an interest-only loan, where I can pay the premium whenever I want, deducting the "rent" as I go. * [6-24 months] Whenever I find a job and qualify for a FHA multifamily, get that property (with break-even cashflow most likely), and rent the condo at a cashflow loss for a couple years until rent increases (due to high-interest on underlying debt)* [Almost immediately afterwards] At this point, do a cash-out refinance on the condo to pay back the SBLOC (unsure if this is possible immediately after getting the multifamily loan), and secure a lower rate for the condo itself.I know this strategy sounds like loser, as it bleeds money all around, but my hypothesis is:* Underlying assets should grow more than 8.15% in a given year, and I would not pay short/long-term taxes on stock.
Joanne Wyman
Advice for First Time Homebuyer; homes for $1
24 April 2024 | 4 replies
I have the money saved for the rehab but I would apply for a loan to cover the majority of the rehab and use savings for future repairs.
Omer Menashe
rentals - Omer Menashe
24 April 2024 | 4 replies
There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area.
Na Christian
Interest-free seller financing
24 April 2024 | 4 replies
My goal: create an interest-free loan which is appealing to a potential homebuyer, yet doesn't make too big of a discount on my end.For example: If I sold my $300,000 house with 20% down ($60,000) over 30 years, at 6.7% interest rate: $1548.67 principal and interest per month1548.67 x 12 x 30 = $557,521.20What I would do would offer a lower monthly payment and no usury, but it would effectively be like a prepayment penalty.Arbitrarily, let's say 20% off the monthly payment, or $309.73 less per month: $1238.94 monthly payment.House would be sold at $446,018.40, which is $111,502.8 less than the total paid with a normal mortgage, but $116,018 more than the market price.
Raj Patel
Cash out Refi Commercial vs DSCR
24 April 2024 | 2 replies
I was hoping for a new loan of around $1.1M thus cashing out with $800k.
Nick Clossman
DSCR for DADU?
23 April 2024 | 5 replies
Does anyone know if you can use a DSCR loan to build a DADU on you SFH primary residence property?
JT McCarthy
Share your most unexpected win
24 April 2024 | 3 replies
My first deal ever last yearI purchased a two property deal in a single hard money loan.
Neil Anthony Giscombe
We can only hope for lower interest rates to alleviate some of the consumers concerns
22 April 2024 | 5 replies
On one side the companies appears stronger, due to labor cost cutting, so equity investors appreciate the companies improvement on the quarterly reports, which supports investors desiring to invest more in other business, which improves the economy.
Ann Baker
Property transfer upon passing
23 April 2024 | 4 replies
How was the property placed into the LLC with the loan on it and she not be a member of the LLC?