Geoffrey Serdar
Engagement Fee for a loan: LENDBASE
30 April 2024 | 29 replies
However, after their "exhaustive" search of thousands of lenders they partner with, they were only able to offer me one loan.
David Ounanian
What financing options are available for real estate investors?
30 April 2024 | 2 replies
Here are some common financing options:Traditional Mortgage: Obtain financing from banks with a down payment, paying off over time with interest.Hard Money Loans: Short-term loans with higher interest rates, often from private investors, suitable for quick acquisitions or credit-challenged investors.Private Money Lenders: Individuals or groups offering direct loans, with terms negotiated privately.Seller Financing: Buyers make payments directly to sellers over an agreed period, with terms negotiated between parties.Home Equity Line of Credit (HELOC): Borrow against existing property equity with a revolving credit line, typically offering flexibility.Real Estate Crowdfunding: Pool funds with other investors via online platforms for various real estate projects, offering diverse investment opportunities.1031 Exchange: Defer capital gains taxes by reinvesting sale proceeds into similar properties within a specific timeframe, useful for tax optimization.REITs (Real Estate Investment Trusts): Invest indirectly in real estate through publicly traded companies, offering liquidity and diversification.Joint Ventures/Partnerships: Collaborate with other investors to share resources and risks, leveraging each other's strengths for larger projects.Subject To Financing: Buy a property subject to the existing mortgage that's in place on the property (doesn't get paid off when the property sells).Assumable Mortgage: Buy a property and assume the mortgage that the seller already has in place.Lease Option: Rent a property with the option to buy it prior to a later date.Debt Service Credit Ratio (DSCR): A loan approved based on the income potential of the propertyThese options cater to different investor needs, preferences, and financial situations, providing flexibility in real estate investment strategies.Thanks,
Brandon Chung
Starting out House hacking
30 April 2024 | 22 replies
On top of that, you'll have your own dedicated unit which will offer more privacy compared to sharing a single-family home with tenants.
Jim Doyle
Purchasing off market via executor of the will - Ran into roadblock.. - Path forward?
30 April 2024 | 10 replies
I think I need to write my purchase contract to the trustees to see if they'd consider my offer as this is what the sister as the beneficiary and executor would like.
Mel Rosario
My California multiunit insurance will not be renewed, need help for new policy.
27 April 2024 | 3 replies
Any recommendations of a broker or company that will insure these properties?
Keenan B.
I think I need to find property management for my property in Portland. Any advice?
2 May 2024 | 9 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
Dawn Peterson
Transfer LLC from NJ to FL
29 April 2024 | 2 replies
Do I have to let my insurance know this new name as DBA to be sure no loss in liability coverage if under a different name?
Michelle A Shriver
Construction Management Fee Question
30 April 2024 | 7 replies
Michelle - My property management companies offers oversight of a larger project/renovation for 10%.
Cara B.
If you had unlimited funds, and lived in Los Angeles, what would you invest in?
30 April 2024 | 21 replies
Start making low offers with 3 day windows.
JJ De La Llera
Creative Financing - Multifamily Apts 74 units
30 April 2024 | 3 replies
offer a fair market price that you are happy with and then in the contract say you will pay X amount additionally over 5-10 years to equal the amount they actually want?