Abdul Hafeez Jamali
Lenders for foreign national investors
12 January 2025 | 17 replies
Just to name a few: Borrower's Experience FICO Loan Amount Loan Type being sought: Perm (30 yr ams), Bridge (12-36mo I/O), Rehab (12-36mo I/O), Ground Up (12-60mo I/O) Property Type (1-4 unit, 5+ MF, Warehouse/industrial, Hospitality etc)If you have a specific deal in mind, then you can have a lender (or broker) look at it and give you a better idea.
Robby Sanchez
stupid question time!
30 December 2024 | 6 replies
That is the first question we ask if we refinance an IO loan.
Alex Houser
Foolish to buy office building?
13 January 2025 | 3 replies
Owner will hold the note at 6% with IO payments for 3 years. 10% down.
John McKee
Looking back on 2024
3 January 2025 | 7 replies
Success: stablized a great industrial IOS deal to a 12 cap.
Tom Sahar
Joint Venture Model
21 December 2024 | 1 reply
In return he will place the down payment, closing costs and IO payments during the HML.If the property is initially purchased by one LLC (Ours) and there is an active loan on the property, is it possible to register half of the property under the name of the investor's LLC as part of our model?
Franky Na
Canadian looking for mortgage options for US property purchase options
17 December 2024 | 3 replies
If it would help to get a more detailed estimate feel free to reach out.Documentation is rather limited, just ID, bank statement, LLC documents to start.Sometimes there are interest-only options at 30 and 40 years, generally the difference in payment fully amortized over I/O is minimal so it may not be worth it.
Jorge Lopez
BiggerPockets app change my iPhone and the BiggerPocket app ?
20 December 2024 | 41 replies
Hi @Jorge Lopez appears the iOS version of the bigger pockets app has been pulled off the App Store, usually that happens because apps are not getting updated to meet current standards but I would have to defer to the BP team to clarify.
Mitchell Catoe
Does anyone have experience with D.S.C.R. Loans
21 December 2024 | 10 replies
It is also good to aks as a back up if they offer an I/O Interest Only option and do they calculate the DSCR based on the PITI or ITI for I/O to also help qualify.
LaTonya Clark
Lender- 40 year loans
25 December 2024 | 30 replies
Not sure why people go for 40-year fully am instead of just traditional 30-year with 10-year IO option, I tend to think the 40 year term is more of a gimmick
Melanie G.
Suggestions on best commercial lenders for a NC project??
12 December 2024 | 4 replies
I would pay I/O for 5 yrs, and then ri-fi but you HAVE to hit your pro-forma to execute this plan.