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20 July 2024 | 2 replies
Any tips or recommendations are greatly appreciated.
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18 July 2024 | 5 replies
I think this is a great list!
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19 July 2024 | 2 replies
This is a great time to look into the New York multi family market.Brooklyn has seen the highest percentage increase in inventory (74%) compared to other NYC metro area counties since last year (source: oneKey MLS).
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19 July 2024 | 3 replies
If you are cash-flowing at those numbers, great!
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20 July 2024 | 22 replies
Chrissy from Moxie is great.
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19 July 2024 | 53 replies
I know that :) I have great credit 740+ FICO, a few flips under my belt and this current project isn't complicated ($110k purchase price, $20k rehab for cosmetic fixes).They pulled credit before my term sheet was issued :( 90% LTV on purchase / 100% LTV on rehab (What they sent: 65% LTV on purchase / 100% Rehab)Rates starting at 7.49% for 12 mos (What they sent: 10.49% + 2.75% Loan Orig)We have a tight close date and I have to call the Account Executive everyday to find out what the status of the loan is, term sheet, etc..I'm not sure if I will use them for this project as I have already received 90% LTV for purchase and rehab, 9.49%, 12 mos, 1% loan orig, from another source but I wanted to try them as I heard many good things about them from other investors.
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19 July 2024 | 16 replies
I wouldn’t necessarily call it a hidden gem but it is a great market still.
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18 July 2024 | 5 replies
We’ve owned the house for 20+ years and have great equity in the house, which was built in 1997.
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20 July 2024 | 15 replies
For example on a DSCR loan at 75% LTV great FICO (above 740), 2 rentals owned, and a 5 Year PPP, you would be closer to high 6 very low 7s. at 80% LTV you would be closer to mid 7s.Conventional financing is typically higher in rate because of all the LLPAs however there is no Prepayment Penalty.