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13 January 2025 | 5 replies
If you are going to finance your rehab then use a LLC to purchase and a rehab lender for financing.
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9 January 2025 | 6 replies
We can also lend to both individuals and LLCs.I'd be happy to share my experience as both an investor and as a lender.
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19 January 2025 | 9 replies
This means that if you pay off the loan too early, then you'll pay a 1-5% fee off the loan amount. paying off the loan early means you either refinance or you sell the property, both would trigger a prepayment penalty to the lender. that being said, you can choose your prepay options, 5yr usually giving you a better interest rate by like a 0.25%, 3yr being most common and standard, and a 0,1,2 yr where you can buy down the prepay to be less years. meaning you pay 1% upfront of the loan amount to get a 1yr prepayment penalty so you're free to sell the property or refi after 1yr.
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15 January 2025 | 144 replies
But everyone has to make there own decision.By the way, I read through Tardus website, and a couple of VERY INTERESTING items popped out.
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26 January 2025 | 32 replies
She signed up for training and as made ten's of thousands on a part time basis.
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12 January 2025 | 7 replies
We have another park with a free space rent manager and as we have raised the rents he continues to live there for free.
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22 January 2025 | 12 replies
@Jacob Dalton - I have been a landlord in Chicago for 13 years and as an investor agent I have worked with 200+ investors on the north side of Chicago over the last 10 years.
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17 January 2025 | 37 replies
I've been in the lending industry for 5+ years now both as a loan officer and a broker and a processor, have also done some UW.Over the years, I have seen how lenders and brokers spend marketing dollars.
12 January 2025 | 10 replies
As both an investor and a mortgage broker who has personally used both options, I can say there are benefits to each.It ultimately comes down to comparing the two side by side based on your specific situation.
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19 January 2025 | 51 replies
As with many here, I've been using a mix of Cozy (now Apartments.com), Stessa, and a few other custom workflows for turnovers that have worked well in the past, but with the takeover of Cozy by Apartments.com I'm now out shopping for better options for my primary, tenant-facing service.