Amy A.
Are $1M+ commercial loan terms better?
I am looking to expand my portfolio into bigger multifamily properties out of my area. Right now all of my loans for 5+ units are with a local bank. They are around 4.5% interest, 5 year fixed with 25 year amortizat...
Rahul Gupta
Short term rental Hard Money Loans
Good Morning!
I was wondering if anyone here had successfully used a hard money loan to finance an STR? If so, is there someone you recommend that services Twin Cities, Minnesota?Also, please tell me if If there is a...
Daniel Luedtke
Seller finance - remove escrow account from my loan
I am looking at selling a STR property, and offering seller financing. I would like to know how I remove my escrow account from my loan? Obviously the buyer will be paying the taxes and insurance. This is my first sel...
Marcus Maloney
Selling My Rental With Seller Financing I Have Questions
Hey everyone thanks for the response to my previous question, to recap I am selling one of my rentals with seller financing to my tenant. I am going to have FCI service the loan, but they stated that either the title ...
Dan Handford
BEWARE AirBNB / Short Term Rental Warning for Apartment Owners
No More AirBNB / Short-Term Rentals on Apartments with Agency LendersAt almost every conference that I have attended this year, I am seeing so many 3rd party AirBNB/short term rental companies trying to get apartment ...
Hunter Emond
My first deal in a couple months
Hello, my name is Hunter Emond and I’m soon making the move to North Dakota to live with my girlfriend who’s in the military. I currently live in Massachusetts where I have my master plumbing license so I’ve always be...
Aaron Parkan
Interest Loan Yields?
When I am reading "Assuming an 8% interest loan yields" is this referencing the mortgage interest rate? Trying to run COC, below is the entire context:Now we need to calculate the NOI. In addition to the rental income...
Jay Na
Fannie Mae, Forbearance on rental property (single family homes)
Does anyone have clarification: I have 2 single family rentals that have been impacted by Coronavirus Pandemic. The loans are serviced by Provident Funding and owned by Fannie Mae. Do the loans qualify for full for...
Sandy Uhlmann
Owner Financing Addendum
When selling a property via owner financing are there any terms beyond the obvious (price, term, interest rate, late charges, ect... ) that I should have my attorney build in to the contract? I am aware of Dodd Frank....
Dean Wright
Property purchase transfer from personal to LLC
I'm about to purchase my first property with a loan, but the loan will be against my personal credit but i have an LLC that i would like to have all present and future properties purchased under, how do i go about pur...