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12 March 2024 | 6 replies
Using the fix and rent loans and 100 percent renovations how much does such a loan costs?
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12 March 2024 | 7 replies
It's the same work to do a $50K loan as a $500K loan so the fees will be higher due to the loan amount but will still be much lower than what a lender or broker gets paid on a higher loan amount.
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12 March 2024 | 1 reply
Another option is to take out a bridge loan for the rehab, then refi and take out a smaller amount of the $750,000.
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13 March 2024 | 14 replies
Buying under an LLC shifts the type of loans you would be eligible for, and likely rules you out of considering a house hack or using an FHA/VA loan, but opens up different funding options if you have the capital for a larger down payment.
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13 March 2024 | 7 replies
It's ideal that you own the property outright because the holding costs on a hard money loan a lot of time is what kills development deals.
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12 March 2024 | 6 replies
From my experience, due diligence is part of the difference between the two and the interest structure (Dutch Loans vs.
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12 March 2024 | 12 replies
how to know if it is a good thing paying cash instead of contracting a loan?
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12 March 2024 | 8 replies
What type of loans or lenders should I target to get this deal locked in?
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12 March 2024 | 3 replies
Seeing how little of principal is paid off in the beginning of the loan cycle, my urge so far has been to throw what I have as extra payments chipping away at that mountain, but I’ve been also thinking lately if that’s a wise practice.
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12 March 2024 | 6 replies
@Jess AzongSo, if Title is held by the LLC and the loan is being issue to the LLC (good job in keeping it clean), the refi should issue the cash to the LLC.