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17 May 2024 | 10 replies
They ask for upfront money something that I never done
18 May 2024 | 1 reply
Fast forward a year my sister calls me says she wants to sale the place makes no money.
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18 May 2024 | 15 replies
DSCR loans typically have higher rates, pre-payment penalties, and may not let you pull as much money out as you would like because they will be based on 2 factors: the appraised value of the home and how well the rent coming in can cover the PITI payment each month (Principal , interest, tax, insurance).
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18 May 2024 | 5 replies
- There are 5 ways you make money in REI that directly help you unlike S&P and REITs.
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17 May 2024 | 11 replies
Longer-term money like that means you can be more patient without constantly hearing the tick-tick-tick of interest racking up on the pull from the HELOC.
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18 May 2024 | 4 replies
I'm looking to rent it out and rents in the area are $2,400-2,500/mo for a 3-bed/2-bath property like mine, especially on a waterway channel.The prior valuations have been $1.25 million in total but I've found from one lender that a valuation on a 6% cap rate may be the best way to give me the money I need to finish the project.
14 May 2024 | 1 reply
What would be a reason to use hard money for a purchase when you know the property would not appraise enough to pull all your investment out
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17 May 2024 | 1 reply
It seems like this is one of the biggest challenges for people in real estate.This will not be a popular post, but taking a course on raising money will not magically raise money for someone.
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17 May 2024 | 4 replies
It's never wise to invest with 100% borrowed money.