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12 March 2023 | 3 replies
After speaking with local PMs in the area, the property could be stabilized in current condition to have a potential gross income of around 150k, however after rehab (with ~4-500k+ capex budget) could stabilize rents closer to 400k+, and potentially appraise for 2.5-2.7m.After falling out of contract, seller is willing to negotiate with seller financing terms of 1.5m, 5% i/o until jan. 2025, with interest going up to 10% after that, or satisfying balance at that time.
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14 December 2015 | 11 replies
Both are iOS apps (I assume they're also google apps, but I don't use that platform), and also allow you to sign with your finger (or save a signature on file).
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31 March 2022 | 24 replies
FL, NY, MD, CA, VA, NJ, Horizon Bank, Kalamazoo MIHuntington MI 75% LTV 5 yr IO product available.
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1 November 2013 | 38 replies
I had to put $40K down (used a cash advance off a credit card at 4 pts / 0 interest for 12 months), got seller financing on the rest at 5% I/O for 8 years, but the net is right about $1,000/month.
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29 April 2022 | 6 replies
Counter-intuitive, but True.Bonus: Our DSCR loans also have an IO option, where interest-only payments are required for the first ten years of the 30-year term, with the rate still fully fixed.
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8 March 2022 | 4 replies
Only after we had 50 active people to manage did we switch to a CRM. iOS, thanks Cody!
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13 November 2020 | 8 replies
First CommonwealthFirst Midwest, up to 90% Chicago areaFirst Republic - CaliforniaGreat Lakes Credit Union Veritex , Texas HELOCHSBC 70%, for premier clients only Huntington 75% LTV 5 yr IO product available Hurst Lending and Insurance Investment property HELOC in Texas.
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12 July 2021 | 3 replies
My current problem is - I will drive by a handful of homes I want to write letters to, I will write down the address on a note pad, find the pad a week later and forget why I wrote down the addresses.
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6 January 2023 | 2 replies
Local meetups/REIA events where you can get investor referrals, meet with local HML reps, or individual private lendersTo address the second part of your question...Essentially all short-term "bridge" loans are structured as I/O or 'interest-only' and require a balloon payment at the end of the term, because you aren't paying down the principal during the course of the loan.In other words, most all short-term hard money loans you'll be looking at will require monthly interest payments and a balloon payment at the end of the term.
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25 July 2019 | 16 replies
Plus, there is a mobile app with full functionality for iOS and Android that makes on-the-go management easy.