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12 March 2024 | 6 replies
Using the fix and rent loans and 100 percent renovations how much does such a loan costs?
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12 March 2024 | 7 replies
It's the same work to do a $50K loan as a $500K loan so the fees will be higher due to the loan amount but will still be much lower than what a lender or broker gets paid on a higher loan amount.
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12 March 2024 | 1 reply
Another option is to take out a bridge loan for the rehab, then refi and take out a smaller amount of the $750,000.
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12 March 2024 | 6 replies
From my experience, due diligence is part of the difference between the two and the interest structure (Dutch Loans vs.
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12 March 2024 | 8 replies
What type of loans or lenders should I target to get this deal locked in?
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12 March 2024 | 6 replies
@Jess AzongSo, if Title is held by the LLC and the loan is being issue to the LLC (good job in keeping it clean), the refi should issue the cash to the LLC.
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12 March 2024 | 1 reply
They are very worried about the subject to clause and I thought I remember the podcast mentioning insurance policies for this in case the mortgage company calls the loan due.
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12 March 2024 | 0 replies
Last year I sold a property and used the funds to purchase a set of 3 land loans in the name of the partnership, which have been paying mostly interest and a little principal on a monthly basis.
12 March 2024 | 0 replies
Quick rundown of the numbers:Purchase: $130,000 Mortgage and escrow: $1045 Total Expenses: $1195Rent: $1500Total cashflow: $305Primary issue right now is a 2 year buy back term for a DSCR loan that does have a large penalty for that first 2 years.