Option A - Local BankLTV: 75%Am: 25yrTerm: 5-yr ARM at 4.2% or 7yr ARM at 4.54%Origination Fee: 0.5%Prepay Penalty: $0 (1% of remaining loan if refi’d with another lender)Option B - Private LenderLTV: 80%Am: 30yrTerm: 10yr ARM at 5.25%-5.5%Origination Fee: 1%Prepayment Penalty: $0 (1% of remaining loan if refi’d with another lender)

Secure private money commitments for downpayment and initial operating costs (we'll be seeking a 1-2 yr bridge loan until we can refi and pay back private lenders)6.

Hi guys,I'm located in New York and exploring opportunities on rental properties. One of my target markets is Indianapolis. Looking forward to connecting with investors, agents and PM in this market!Cheers,Yinglu

For covered properties, Section 4024 of the CARES Act clearly prohibits any penalties, late fees, legal notices, or evictions for non payment of rent for 120 days from its enactment (through July 28th) as currently written.If you denied someone housing because of a COVID-19 declaration such as you described, one could argue you were penalizing an applicant and denying them housing based on a violation of federal law, which could possibly be used as ammunition for a lawsuit and/or a Fair Housing complaint. 

Also is there is a early pay back penalty or anything like that?

I recently bought my first investment property. The top floor is a one bedroom apt and the bottom floor is commercial space that was most recently a liquor store. I won’t rent to another liquor store so I’m wonderin...

Hi all, is anyone in CT and looking for landlord, or commercial, or rookie advice and comraderie? I am. I just purchased my first investment in CT and I’ll be looking for contractors and renters. It would be great...

Pre-payment penalties are common as well.

It worked out well.On the other hand if you are talking about actually cashing out your 401K and paying the taxes (I believe the 10% penalty has been temporarily suspended), then that sounds like a terrible idea. 

Should I take advantage of the no penalty for pulling money out of my 401k?