Anyone out there have insights into a fee (or other incentive stucture) that would be reasonable to charge to a partnership for personally guaranteeing a loan on a property being purchased by the partnership? Similar...
So... a CFL being a Mortgage Banker offering the rates of that specific bank...and a Mortgage Broker being someone that shops for the best rate...that being said...if I am correct...what has been the difference in per...
Okay so there is this guy, he wasn’t very wealthy at all. And now he owns multiple high rise apartment buildings. And is loaded. My question is after he got the first one. And paid all that money. How did he afford to...
Hello,
We are prospecting a location for potential new development which may be Condos or apartments. I understand how conventional loans work, but what can I expect for a new construction project while in developme...
Hello everyone. I’m trying to put together a budget to figure out how much money I need for a $300k investment property. The goal is appreciation and equity growth rather than high cash flow.I get I’ll need $60,000 fo...
I'm closing on my second STR in January. I have enough capital to put 10%-20% down on a few more next year, which would likely allow me to quit my day job, but I'm worried my DTI might be an issue when trying to obtai...
Hey BP, I’m going to use the BRRRR method to buy a multi family property. I’m using 20K cash and hard money. When I go to refi the property after I rehab and rent it, what are the requirements that I need to have refi...
I am currently looking at a couple of commercial properties in northeast Ohio. When it comes to the closing costs who typically pays what? Has anyone ever successfully negotiated that the seller pays the closing ...
I want to purchase a multi-family home using my VA loan. How much total cash on hand is recommended to have before buying? Say I want to purchase a property worth 300,000 - 400,000, what is a reasonable amount of cash...
Hi,
First time poster here. My husband I recently purchased our first duplex using the BRRRR method. We purchased through our LLC and paid cash. We've been talking with different banks. Do all cash out refi's in...