18 September 2018 | 4 replies
If you haven't already, it would likely be worth your time to start having conversations with some of your local bankers / credit unions about your options around conventional financing vs.
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20 September 2018 | 6 replies
Do I have other products available to help with this?
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18 September 2018 | 6 replies
SO what I guess I am saying is watch your DTI....Decide whether you want to have that line of credit available or if not.
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20 September 2018 | 4 replies
Are there circumstances where some investors might choose to use separate bank accounts and credit cards for each Series?
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18 September 2018 | 8 replies
The decision on how to vest title may come down to the best loan product available.
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20 September 2018 | 8 replies
@Michael GuydishFirst I would talk to lenders to get a feel for what products for my strategy.Then I would buy a value-add multifamily property for cash, then rehab it, get tenants at market rent, then refinance most of my money out, and do it again.
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18 September 2018 | 0 replies
I'll use an example with similar numbers because I want to truly understand the reasoning here:On the high end, the interest rate would sit around 5.75%, at the cost of -.125 points (ultimately resulting in a lender credit of $164) and a P&I of $766 per month ... on the low end, the interest rate would be 5.375% at the cost of 1 point (around $1300) with P&I of $735 per month.Given that info, this is to say that if I planned on holding onto this property more than 42 months (that's $766-$735= $31 per month... then $1300/$31=41.94 months), then it would make financial sense to pay down the percentage rate up front at 1 point because beyond 42 months, I'd be saving money every month...
21 September 2018 | 8 replies
I am all about efficiency and time blocking, and this "running around" was detrimental to my productivity.
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18 September 2018 | 1 reply
I would absolutely spend a little more for more durable products.
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18 September 2018 | 0 replies
Also, in step 3, is it possible to us a home equity line of credit?