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5 April 2024 | 2 replies
I wanted to provide some feedback to the developersRequested features:- Save basic values from last calculation or default presents: interest rates, loan term, variable expenses, etc.- Small notes section to elaborate on property calculations, such as noting the calculation was based on a loan assumption or short term real estate strategy - Ability to edit name of calculation to something other than the address.
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5 April 2024 | 3 replies
I would say look for a hard money lender actually - you won’t need to verify income or anything, they usually care most about the deal itself and this deal seems like it has great potential also when you’re starting out, it’s going to be difficult finding private money fast and they’re not going to trust you as much so their rate will be higher, hard money lenders at that point have the same rates as them!
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5 April 2024 | 9 replies
Also track rental demand, vacancy rates, and prices.
7 April 2024 | 7 replies
Perhaps agents need to reconsider that and offer some tiers and some capped rates.
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5 April 2024 | 2 replies
A temporary market imbalance, combined with cheap borrowing costs (ultra-low interest rates).
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5 April 2024 | 10 replies
I do some that aren't, but have that in mind that you will be selling for cash, seller financing or on a much higher rate with a mobile home specific lender (higher rates).
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4 April 2024 | 13 replies
If they are looking for space, they are required to advertise for bids, etc. and the whole process takes time.
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4 April 2024 | 4 replies
If the cap rate is breaking even or above interest rates it most likely would make sense, taking into account that in five year period interest rate have a higher possibility of coming down than going up.
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5 April 2024 | 1 reply
I found out that the seller is very motivated and is offering ALL types of creative financing options with rates as low as 3.75%.
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6 April 2024 | 19 replies
Terms are usually 5-10 years fully amortizing in the low-mid teen's on average.They are basically taking a pledge against your future cash flows, similar to an MCA, but with rates from 11-16% fully amortizing on 5-10 yr terms, so payments are not nearly as ugly as an MCA, but similar concept.If they're a TPO or Broker for the same company, the program could be real.