Please clarify my doubt. When we are borrowing money from the bank to buy multiple family appartments. Why are we not paying the principal portion of the loan. Or even if we are taking interest only loan, at some poin...
I'm talking to a seller of a 56-unit apartment building who wants $4M+ for it and it's not worth that because it's only 60% occupied and not run very well. If we can get it occupied and performing well, then it would...
Hi guys - hypothetically speaking if I raise a $5M fund (GP/LP structure)...what are my options in terms of using banking relationships for leverage on a fund / portfolio level (vs deal by deal like conventional mortg...
I'm new to REI and still in the reading, researching and learning phase. Ultimately I will be focusing on flip and BRRRR deals but for right now I'm just gaining knowledge and educating myself as much as possible. I...
Dear BP community,
I'm new to the forum and thanks for the wealth of info.
I have a rental property in San Jose, CA in which the tenants are moving out at the end of Oct. I'm currently out of country and planning t...
one of the listings I came across, two apartments with a store front, had " seller willing to hold mortgage". what is this supposed to mean?
Hello,I've been reading forum posts on BP for several months now, but this is my first post. I was wondering what to expect as far as typical terms and conditions of "cash out" refinancing. For instance, if I were to ...
Someone is interested in one of my properties that is listed for sale, but they want to do a land contract. I've never done a land contract before. I have some questions about them:1) What are the typical terms of the...
I was contacted by a company called "AFFMORTGAGELENDING.COM". They offered a bunch of lending options all of which seem typical, typical interest rates, typical term lengths, etc but they were insistent on using a spe...
Does anyone have a good feel for the typical terms and interest rates that someone with great credit (750-799 credit scores) can get if going through a hard money lender or private lender?Specifically, what interest r...