21 July 2018 | 2 replies
That being said, they are all going to be very specific to the type of property being purchased, financing used, rented, flipped, commercial, residential, etc.
22 July 2018 | 25 replies
I haven't seen this advice given in the many posts asking about what type of returns new investors should realistically expect.
21 July 2018 | 4 replies
The downside is restrictive guidelines, a ton of paperwork, lack of flexibility.Commercial types of financing have pros that are flexibility in guidelines and structure you can do all sorts of stuff from substitution of collateral to partial lien releases on blanket commercial mortgages to cross collateralization and many others, less documentation than conventional financing products, use of debt coverage ratio (DCR) as opposed to Debt to income (DTI) and if you compare DCR to DTI the commercial lenders go up to 80% DTI since the reverse of 1.25x DCR is .80 or 80%.There are downsides to commercial financing and that is the convenants with in the mortgage note that can allow the lender to call the note so make sure to read all the definitions for what substantiates a "default," by the lender you'll be surprised by the definitions and language at times.
2 August 2018 | 21 replies
Your cash flow in a recession would largely be dictated by your location and the type of traveler staying at your unit.
21 July 2018 | 5 replies
Personally, I would steer clear of this type of transaction.
15 August 2018 | 4 replies
For instance my lender will do a loan for BRRRR type projects for 50/50 owners, 30yr AM, and very competitive rates, with zero seasoning. if you leave it in one individuals name, both title and debt, it'll be much harder for you to claim a vested interest.
21 July 2018 | 0 replies
What are the best types of loans to get for buying rental properties and rehabbing them?
6 August 2018 | 18 replies
Loving that the app doesn’t recognize anything auto correct anymore either... guess I’ll have to stop typing with my elbows
21 July 2018 | 1 reply
When I go to the public records, I see mortgage loan types; confused about how I can find homes sold with no mortgages?
21 July 2018 | 1 reply
(I am guessing there are common problems with these type properties)