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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 | 4 replies
Is it worth waiting until September and hope the market is still as strong or take the hit on capital gain taxes and sell now.Secondly, if we do hold this property would it make more sense to prioritize debt paydown (instead of investing in another property, put our cash towards our mortgage payment and have it paid off within 10 years.
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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
Unfortunately not, Gabriel. 1031s are quite strict, and involve equal “equity” deployed in order to persevere the gain deferral.That said, if you’re okay with realizing *some* capital gain on boot / mortgage boot, you can pull *some* cash from the 1031 exchange.
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9 May 2024 | 5 replies
From what I understand Prince George's County for instance, the tax lien supersedes past mortgages, bills, etc.
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7 May 2024 | 9 replies
Is there any mortgage broker you could recommend for a MF newbie?
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11 May 2024 | 38 replies
This makes it easier for landlords to find tenants and generate steady rental income.Favorable Landlord Laws: Florida has landlord-friendly laws, which can provide landlords with more control over their properties and make it easier to manage rental units.Tax Benefits: Real estate investments in Florida can offer various tax benefits, including deductions for mortgage interest, property taxes, and depreciation.Appreciation Potential: While past performance is not indicative of future results, many areas in Florida have historically seen strong appreciation in property values.