I'm currently looking at a 50 unit complex to purchase here in Central Austin. The cap rate is 5% and there's a lot happening in the immediate area which is why I'm bullish on this complex. My question here is with a...
Long time reader, second-time poster (I think)I’m under contract on a small multifamily (6 units) and am comparing loan options. For background, this is a stable, performing property with a plan to buy and hold for as...
Has anyone here worked with Aurora Financial for conventional mortgages? They are a lender out of Virginia who does in-house underwriting, quick closes, free float down, and appears to have quite aggressive interest r...
I was wondering if anyone had input on the percentages to use when evaluating a pro forma for a rental property. Specifically the vacancy rates and maintenance rates I am seeing are 5% each for Orlando and Indianopol...
We've sold 65+ homes and the biggest request we get from our Buyers is help with closing costs.
Most of our deals we're providing anywhere between $5K-$10K to help Buyers offset the cash requirement to purchase a h...
Hello everyone.
I picked up a small condo in the Bradenton FL area off a wholesaler and recently rehabbed it. Everything is done and I am considering using a DSCR loan to pull a cash out refi. I've typically only had...
Hey All, I have a question on what is typical when it comes to preferred rates of return. I am running out of my own funds and have engaged an attorney to set up my first syndicate. I am noticing a standard in the fee...
Very simple question this time around.. What are current REFI rates for someone like me who has over 800+ score.. The ratios fit just fine. The property is owner occupied. I am being quoted 4.3%. When I asked the len...
Is anyone familiar with late fee laws in Maryland for a commercial property?Flat fee, percentage, maximum amount, how many months can the late fee continue to be applied, etc.Thanks in advance!
Hi there,I got my first accepted offer on a multifamily that we're going to househack!I'm currently shopping around for mortgages and rates are all over the place so I would love to get some tips from the community*) ...