Doing some research on hard money lenders. The most common I have seen are 2-4% fee, 1-9 month term, 12% interest price point.The best rates/terms I have found for Washington is:2% + $1495 fee, 4-12 month term, 9.5% ...
I'm interested in financing a multi-unit property in the Boston area with an FHA 30-year loan. This may mean a $400k+ loan with at least 3.5% down.How would this 96.5% LTV affect my ability to obtain future financing...
I own a rental property and my primary residence, I am trying to obtain funds for 20% down on a fix and flip (3rd property). I recently went to KEY Bank to apply for a HELOC. I was told max LTV Key does is 60% on inv...
Hey BP! Has anyone heard of a lender offering non-recourse mortgage refinances that do 70% LTV instead of LTC?I found out that I could use my self-directed IRA to fund a hard money loan. I'd love to purchase a small ...
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Any advice on DSCR lenders? I want to buy a single-family investment property in the St. Louis area around the $70k mark. Assuming a 75%–80% LTV. Proforma is at a 10% interest rate, and the respective DSCR...
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I have a 1031 that completed. The QI received $400K of funds and the LTV of the relinquished property is 37.65%. I purchased 2 DSTs with the funds. DST 1 was for $230K and has a LTV of 46.6%. DST 2 w...
Hello Friends,My question is to those who deal in notes and have first-hand real life experience: what do you think is the best way to source performing notes? I'm not looking for NPN/RePN at this time.Thanks in advan...
I had a thought after talking with a note broker locally. Can I create and sell a note to finance a flip?! It would look like this:9% APR on $120,000 secured by a property currently assessed for $145,000. 12 month cal...
I think the number one issue most people new to the game struggle with is how to obtain money to fund their deals. What avenues to take, what do they actually need to present to Hard Money companies to get their deals...
So I have been driving myself nuts working on the duplex I "house hacked" before I knew it had a name. New kitchen, dealing with tenants schedule, changing the new stove from gas to propane, ect. I owe $150k. The most...