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4 February 2025 | 17 replies
Is it a wrap note, where your seller-carryback note incorporated the first position note and the buyer pays you in full every month, and then you pay the first position lender?
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10 January 2025 | 12 replies
There are never full photos of the mechanicals and basement and roof line so you will never have even a bare inkling of what the potential repairs will be.
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19 January 2025 | 9 replies
While they can provide valuable advice, you must advocate for yourself and trust your instincts.Selling real estate—especially multi-use properties—can be full of surprises.
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12 January 2025 | 25 replies
This is specific to this, I have the detailed 411 on this, including full background on seller, why selling, how things have gone, maintenance history and recent updates/upgrades such as the newer roof, HVAC etc etc etc...
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19 January 2025 | 9 replies
Generally, the biggest difference is that DSCR Loans often have prepayment penalties attached which typically will have a 1%-5% fee if you prepay the loan within the first five years so its the "risk" of having to pay a little extra fee if you sell or refinance the property pretty early on.PS - check out this series of 10 articles published on BP on all things DSCR Loans which can give you a full rundown on everything you would need to know when using this type of loan!
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17 January 2025 | 24 replies
I'm hoping they refund the fee that was supposed to be good for 6 years since I'm not even at a full 2 years with them.
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8 January 2025 | 13 replies
Please reach out if you are a lender or can connect me.5 Bed 2 Full Bath & 2 Half BathExisting Mortgage ~$550,000Home Value ~$1.1+ MilSounds like a great deal.
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15 January 2025 | 10 replies
This will increase the return above what can be obtained on a passive investment.The flipside of having the power to control everything is that it can be alot of work (and a full-time job if a person is putting in sweat equity).
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14 January 2025 | 6 replies
We have some good ones here, and although the rehab wouldn't be as cheap as managing it yourself if wouldn't be full retail price either.
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15 January 2025 | 24 replies
But at some point I do find that next niche that works for me and I like and go into that full steam.