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12 March 2024 | 7 replies
However, the bank indicated they cannot finance the 6-unit property and I would need a commercial loan for it.
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13 March 2024 | 7 replies
It's ideal that you own the property outright because the holding costs on a hard money loan a lot of time is what kills development deals.
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12 March 2024 | 6 replies
Using the fix and rent loans and 100 percent renovations how much does such a loan costs?
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13 March 2024 | 14 replies
Buying under an LLC shifts the type of loans you would be eligible for, and likely rules you out of considering a house hack or using an FHA/VA loan, but opens up different funding options if you have the capital for a larger down payment.
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12 March 2024 | 7 replies
It's the same work to do a $50K loan as a $500K loan so the fees will be higher due to the loan amount but will still be much lower than what a lender or broker gets paid on a higher loan amount.
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12 March 2024 | 1 reply
Another option is to take out a bridge loan for the rehab, then refi and take out a smaller amount of the $750,000.
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12 March 2024 | 6 replies
From my experience, due diligence is part of the difference between the two and the interest structure (Dutch Loans vs.
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12 March 2024 | 12 replies
how to know if it is a good thing paying cash instead of contracting a loan?
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12 March 2024 | 3 replies
Seeing how little of principal is paid off in the beginning of the loan cycle, my urge so far has been to throw what I have as extra payments chipping away at that mountain, but I’ve been also thinking lately if that’s a wise practice.
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12 March 2024 | 8 replies
What type of loans or lenders should I target to get this deal locked in?