Joseph Romano
Pine Financial Group Fund V
20 March 2024 | 1 reply
Almost anything that has a guaranteed rate of return makes me want to scream and run the other direction, but this seems different.
Luis Astudillo
Metro Flippers Investments Lender
20 March 2024 | 18 replies
The interest rate is between 7.95% and 9.95% depending on credit score.
Mica Moore
Property Management Company choose expensive vendor without approval
20 March 2024 | 11 replies
If they were going to charge me 2-3x the market rate for this service I would have like to know in advance because then I would of made the cleaner arrangements. 3.
Bian Dahab
How to Find a Private/Hard money lender for a BRRR
21 March 2024 | 10 replies
Most hard money work as follows:•Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
Sage Jankowitz
DO NOT CALL list
22 March 2024 | 81 replies
I figure that here, you actually kind of ARE selling something, but letting them know of a property for sale isn't exactly like selling a phone plan.At any rate, contacting potential buyers is a key part of this business, so it has to be done one way or another.
Andreas Mueller
The Real Shrinkflation? It's not potato chips. It's....Real Estate.
18 March 2024 | 0 replies
Prices for everyday things like eggs and shelter are rising faster again (Axios).- Broccoli Sprouts are Cancer Fighting?
Justin Williams
Buying residential multi-family unit apartments ( 2-4 units)
20 March 2024 | 3 replies
Hey @Justin Williams,I'll start by saying even the most flexible loan scenarios will look at credit. how it relates to the loan process, however, will differ depending on which loan type you go with. my gut punch reaction in this is that your credit score is more about limiting your LTV due to the subject prperty being a multi-family, or potentially driving the rate up so that you no longer qualify (rates are higher on MF than on SFR typically)....it also could be about how your lender is calculating (or not calculating) the rental income coming from the different units.
Lisa Martin
DSCR loan rate
17 March 2024 | 18 replies
I just got a pre approval today for a 125K DSCR loan 30yr fix no ballon. rate is 9.25 excellent credit 25% down with some room to buy down the rate. hope this helps.
Kathy Tran
Running the Numbers on deals/PITI
20 March 2024 | 5 replies
But, keep in mind Redfin assumes the amount you put down, the interest rate you get and a couple of other charges.
Daniel Semaan
Seeking Advice on BRRR and other REI Opportunites
20 March 2024 | 3 replies
The Milwaukee Mill Rate for 2023 was $26.07 per $1,000 of assessed value (2.6%).