Amanda Paugas
8 plex commercial loan
21 April 2022 | 4 replies
Maybe your hard money lender can act as your key principal, otherwise, you may need to find another high net worth individual who would be willing to do that for you (not a guarantee you will be required to have someone for this, but something to be aware of).This is a little trickier of a scenario with various properties.
Juan Aguirre
Should I pay more for Seller Finance???????
12 April 2022 | 5 replies
After doing my comps the properties seem to be valued at 800k-900k, but the seller is willing to do a 10% down payment and 2k-3k monthly payments YES 2K-3K monthly payments including principal and interest, 3%-4% interest, amortized by 20 years and the balloon payment at the end of the 20 years.
Alicia Ayers
Gave emd money want it back
9 April 2022 | 45 replies
The first is by making the deposit and signing the agreement, you became the principal buyer.
Ray Collins
Issue Refinancing Duplex with STR due to FNMA Eligibility Reqs
28 April 2022 | 8 replies
Rental income derived from the subject property is acceptable on a two- to four-unit principal residence in which the borrower occupies one of the units, or a one- to four-unit investment property.” … “If the transaction is a refinance, rental income may be used when reported on the borrower’s individual tax returns (Schedule E).”"
Kori Keller
Looking into Commercial for the first time
16 April 2022 | 8 replies
I also own property myself as an investor and I am a principal broker who is a specialist in the space.Good luck.
Clare Yuritch
Considering HELOC with fixed rate option
26 October 2022 | 1 reply
Following that, our variable rate is Prime + 1.5% and if we want to fix the draw, would then be +.75% for a 20 year term (principal + interest payments).
Dan Rhombus
Underwriter requiring documentation I can't provide
13 April 2022 | 2 replies
I guess this is like a balloon loan, where I only pay interest monthly and pay the entire principal at the end.Not surprisingly, the underwriter is asking all kinds of questions about the source of this money.
Alex Guerrero
How do purchase a foreclosed home?
14 April 2022 | 7 replies
The bank's bid is equal to the outstanding principal balance due on the loan, plus legal and late fees.
Jacob Stevenson
STR ordinance in SD--VRBO only?
26 April 2022 | 12 replies
These requirements shall apply to all VRBOs, regardless ofwhether they qualify as a principal land use or an accessory land use of thelot.C.
Jason Kniss
Using a VA Loan in a hot market
14 April 2022 | 4 replies
For me, I was able to justify the purchase knowing that my principal pay-down alone once I have tenants in the property would be $1,500+/month.