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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.
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12 March 2024 | 1 reply
They are very worried about the subject to clause and I thought I remember the podcast mentioning insurance policies for this in case the mortgage company calls the loan due.
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12 March 2024 | 0 replies
Last year I sold a property and used the funds to purchase a set of 3 land loans in the name of the partnership, which have been paying mostly interest and a little principal on a monthly basis.
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12 March 2024 | 250 replies
The loan was a refinance of the first.
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12 March 2024 | 168 replies
These would be considered private money loans right ?
12 March 2024 | 0 replies
Quick rundown of the numbers:Purchase: $130,000 Mortgage and escrow: $1045 Total Expenses: $1195Rent: $1500Total cashflow: $305Primary issue right now is a 2 year buy back term for a DSCR loan that does have a large penalty for that first 2 years.