Nick Shri
Do you negotiate HELOC interest rate?
I have been researching HELOCs and I have narrowed on few sources. Some offer 95% CLTV and some 80%. Some offer 1.99% for first 6 mos, then 2.99% with a floor of 2.99%, while some offer tad higher interest rates.
My...
Patrick Thomas Mc Manus
What tax percentage should I factor into my equation?
Good morning dear BP members,
I am analyzing the below rental property deal in Florida:
Purchase Price : $ 50,000 (including closing, cleanup & rehab costs)
Amount Invested : $ 10,0...
Tim Berryman
Anyone With Experience Partnering With Viking Capital Multi-Family Syndicators
Hi,I am considering investing on a multi-family syndication with Viking Capital. Looks like they have done around 25 syndications worth $800M in property value. Founders are Vikram Raya and Ravi Gupta. If you have had...
Tanner Gish
Promissory Note for Owner's Personal Loan to an LLC for Purchase
Hey Everyone! Happy Holidays.Question: a partner and I purchased a property cash last month (vested in an LLC where we are 50/50 members). We have now started collecting rent, and what to set up the capital contributi...
Sandrine Rangeon
Hard money in Texas - let's compare!
Hi, I'm new to the world of hard money, and I feel like the offers I'm getting aren't that great at all.What kind of interest rate and points are you all getting?This is for an investment property in Austin, TX, free ...
Tyler Sanzone
HELP! I didn't know about cash-out refi!
First post here!...So to start things off I'm a 27M currently residing in NJ on the jersey shore. I purchased my first house (3 bed 2 bath) in August 2019 as a foreclosure for 192k with a conventional loan of 3.5%, 12...
Enriques Reyes
Can I get a Va loan for a multifamily property?
Hello BP community. I'm trying to get into real estate through buy and hold investing multifamily properties in Virginia Beach area. I've been searching but I can't seem to find out if I can get multifamily properties...
Taylor Nash
Broker-tenant representation (how do you get a commission and who pays you?)
Hello everyone! I am a realtor based out of Cleveland, OH and I have a client who is looking to lease a commercial space for his business. I don't have much experience with the entire process and want to know what's a...
Juan Campos
Mortgage broker or realtor ?
Hello guys, Juan here with another question for my fellow investors and knowledgeable veterans, what is the difference between a mortgage broker and the realtor ? Should I go with a realtor to help me find my first mu...
Benjamin Foullon
Looking for Financing
Hi everyone! I found a duplex in the Cleveland area that is listed for 85K and rents come out to around 2k/month. I would like to use a DSCR loan, but I've heard that you can't use DSCR loans at that price point. Is t...