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23 January 2025 | 21 replies
I will say this varies tremendously by markets, in Cleveland for example we have lots of A/B properties well over 20 years; some of our highest end rentals are in "historic districts".
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23 January 2025 | 8 replies
Converting properties to multi-family is considered extensive rehab and those programs are a little more exclusive than the standard bridge loan programs.
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23 January 2025 | 2 replies
Loan officers with 25 years of experience typically are more experienced, and have less time per file, because they have an abundance of files.Loan officers with 25 months of experience typically are less experienced, but have more time to devote to you.I can't write my own loans, so when I'm getting a loan I prefer working with less busy people when I'm doing my own real estate investment, they're more responsive and dedicated it feels like.
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6 January 2025 | 7 replies
Hey Jack, There are two types of loans investors use in their BRRRR strategy. 1.
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21 January 2025 | 18 replies
Quote from @Beth Johnson: We pass all loan servicing charges through to the borrower including set-up fee, monthly fees, and any servicing charges such as payoff demand generation, and loan close out fees.
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24 January 2025 | 3 replies
You borrowed $388k and you’ve paid your loan down to $384k with your $30k in payments.
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13 January 2025 | 19 replies
Yes, you can “save” interest by paying off a loan faster - SO WHAT?
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24 January 2025 | 4 replies
We use a construction loan to build a 4bed 4 bath cabin.
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9 January 2025 | 6 replies
Business loans typically won't let you purchase a property if you read the fine print.
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22 January 2025 | 6 replies
If the interest rates go up to around 7% again do the numbers still work for the remainder of the loan?