Jared Sandler
Important questions for a Hard Money Lender!
After finding an HML that will lend where your prospect house is (most will only lend in major metro areas or have steeper rates if they do lend outside metro areas), I would ask these questions:
Are you a direct len...
Jared Sandler
Important Questions for a Hard Money Lender
After finding an HML that will lend where your prospect house is (most will only lend in major metro areas or have steeper rates if they do lend outside metro areas), I would ask these questions:
Are you a direct len...
Jessica Hood
Initial cost/Renovation cost/Cushion Ratio?
When considering your budget, is there any general rule of thumb for the percentage of money you spend to buy a property vs the percentage for renovations vs the excess left for cushion/emergencies? I will have a set...
Colin Kelly-Rand
Greater Boston - Commercial Rates
Hi all,
I figured out try to add some value to someone's day. If you are curious where commercial rates are on any given day in the Boston area, a good place to start is to head to FHLB and check out there rates for...
Grant Thompson
Commercial Lending for Syndications
Hello BP,My business partners and I (the Managing Members) have raised capital through a syndication to invest in multifamily properties. We are having issues finding a lender offering commercial loans that meet our n...
Sumit Kaul
loan agains equity/etf vs 401K vs other options
Is there a way take a loan on the equity/etf you own without selling the equity? If yes, would love some recommendations on best options in the market if folks have done it here. Also pro and consI would also like to ...
David A.
Help finding conventional loan in Dallas Fort Worth
I am shopping around for a loan on a property between 60k-70k. My goal is to have a successful flip by July. I understand the requirements are a downpayment in the 20%-30% range and good credit score. I have both but ...
Roupnel Pierre
approval for PML & HML
Hi BP,
Anyone of you guys in the Boston Area works for a PML or HML? I want to shop around and get a the best offer I found a house I want and I want to make an offer. I just need to shop loan rates. Any suggestions...
Mack McClung
Rehab Home Closing Costs
I am closing on a rehab property today and was just skimming the HUD statement. I am doing a loan with a local bank. Closing costs are around 2.5% of the loan. $2290 of a $88,000 loan. Does this seem in line to yo...
Ethan Kohler
Estimating Closing Cost
Can anyone offer further insight as to what we should expect for closing cost, with respect to a conventional loan for simplicity? The BP calculator expresses 1-2%, but I have heard more like 3-4% to be on the realist...