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19 March 2024 | 16 replies
Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.
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19 March 2024 | 3 replies
Does the IRS care about the type of loan I'm using?
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19 March 2024 | 4 replies
I had planned to take out loans in a cashout loan but rates accelerated too fast in 2022 and I never got that chance.But now that everyone is talking rate cuts I’m kinda thinking I take the deal and hope I can refinance these 2 properties at 5% interest (or less) sometime before 2028?
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20 March 2024 | 7 replies
Are you looking for just a vanilla conventional loan on an owner-occ SFR here in Austin?
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19 March 2024 | 9 replies
They are also going to charge you something like 3-5% loan origination fee.
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19 March 2024 | 18 replies
How many years is the loan for and at what % interest?
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20 March 2024 | 16 replies
Are you expected to make payments on the hard money loan during that time ?
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19 March 2024 | 13 replies
Tell them your purchase price, work that needs to be done, and ARV as you're vetting them.Documents Needed for a Hard Money Loan might include:LLC DocumentsYour Credit ReportCompany Bank InformationYour IDSigned Purchase ContractRehab Budget Track Record of SuccessEvery hard money lender has different requirements, so some of these may vary.
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19 March 2024 | 1 reply
Portfolio loan for remainder with some repairs built in.