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9 May 2024 | 8 replies
As a lender, we do not lend on flips in the North half of NJ.
9 May 2024 | 0 replies
No risk=no reward Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
9 May 2024 | 3 replies
Many lenders typically require a minimum loan amount of $75,000, allowing you to access up to 75-80% of the property's value, provided that the DSCR ratios meet the lender's requirements.
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9 May 2024 | 65 replies
But for illustration purposes since this is a fresh transactional matter on my plate: The reimbursable lender legal fees for an $8.5M loan transaction I was recently apart of (as a buyer, not fees I charged) were less than $15,000.00.
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9 May 2024 | 43 replies
New custodial retirement account buys real estate via pay cash or non recourse loan 4.
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9 May 2024 | 2 replies
The builder will need to be approved by the Bank/Lender or the bank/lender can provide you an already approved builder they have used before in that County.Once the builder is approved the Bank/Lender will have a initial meeting and set up an agreed upon draw phase based on the work that will be completed in phases.Best thing to do is have a conversation with a seasoned Banker or Loan officer to start an application and set up step by step plan.Feel free to reach out if you have any questions I am always happy to help and talk REI.
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9 May 2024 | 1 reply
Wouldn't all the cashflow go towards paying back my private capital lender?
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9 May 2024 | 3 replies
Unless lender specifically agrees to a subject to transaction, the loan by way of the deed transfer is in default, and as such the lender can accelerate the note demanding full payment at any time.4.
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10 May 2024 | 19 replies
I strongly encourage you to consider a variety of asset types while you build up the capital to enter non-owner-occupant investing.
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9 May 2024 | 2 replies
You can also do this with FHA products and their low down payment options, compared to investor loans for a non owner-occupied investment that may require 25% down.