Lionel Quiambao
How to reward a good GC?
1 April 2024 | 6 replies
So I'm under renovations for my first property and I used a conventional purchase and renovation loan, not knowing how tedious the draw process would be for me and my GC, but saw it as the most convenient way to fund the renovations.Doing our best to communicate with each other to ensure a smooth draw (fill out work completed form, get inspector out, review from both HUD Consultant and lender, send for signatures, 3-5 days of processing).
Ramez Haddad
Lending fees in Miami
1 April 2024 | 5 replies
I am taking a loan of $280,000 but for some reason, the lender I am talking to is charging me about $6800 of lender fees in the closing costs quote that he provided, along with other overpriced charges that I have not received when I got a previous loan from a different lender in California.
Michael L.
To Heloc or Not to Heloc is my question?
2 April 2024 | 23 replies
Keep in mind HELOCs are interest only payments, adjustable rates, and will eventually turn into a fully amortized loan (usually after 3-10 years).Cash Out Refinances are great when you need the cash for long term needs or consolidating debt.
Gamal Noble
Parents Neighbor's House For Sale
1 April 2024 | 4 replies
Investment Info:Single-family residence hard money loan investment.
Rob Pattison
Have opportunity to purchase CA beach adjacent SFR, need advice
1 April 2024 | 2 replies
I'm looking for suggestions, possibly even an equity partner in the deal, and/or a down payment help funding source.
Jamie O'Connell
First Seller Finance Deal.
1 April 2024 | 0 replies
It isn't insanely different from regular deal but it is also great not paying high fees for a DSCR loan.
Mark Welp
Private Lending-Cash Offer
1 April 2024 | 3 replies
Quick question...I am Ohio and connecting with private lenders to assist me in funding my next deal.If the purchase and transaction is with a real estate agent and you have a private lender for your loan, is that considered a "cash" purchase in terms of the real estate contract and telling the seller, or is that still considered financing?
Lucas Vreeken
help getting an REIT started / can you use 1030 exchange into investment property
1 April 2024 | 5 replies
You can't do a 1031 exchanges with a REIT, but you could buy something turn-key in an appreciation heavy market, hire a solid PM, and start stacking equity to later 1031 into a turnkey multi-family and continue to grow.
Matthew Swearingen
Is Tulum Mexico a good place for investing?
1 April 2024 | 15 replies
I'm going to go there in March and Im thinking of just pulling about 150-175K equity out of my primary I have and paying cash.