Hi folks,
Hopefully a simple question.
I talked to a private lender recently and asked what typical closing costs were. I was told $5-6k, which didn't shock me too much.
Later in the conversation I asked what the...
Does anyone have a suggestion how to get around the Fannie Mae 6 month seasoning and 70% LTV requirements for cash out refinance on multi-fam? I have a duplex that am trying to follow BRRRR strategy but running into t...
Hi All,I am in the process of starting my first direct mail campaign and I am trying to secure funding partners should I get some responses. The initial hard money lenders I have spoken to seem to only want to lend to...
Hard money lenders have earned a bad reputation in the area of lending for no good reason. In fact, they are often grouped into the same category as pay day lenders. Pay day lenders hold a larger share of the consumer...
Hey Everyone! Looking to get some advice and guidance on DSCR (Debt service coverage ratio) lending. My goal is something along the lines of a house hack by purchasing a single family home with maybe 4 bedrooms and li...
do you guys think that the rates that hard money lenders that provide rental loans are so close to what conviental banks offer that HML are easier to refinance with?
Greetings BP Community!
I am an aspiring Real Estate Investor and searching for my first deal. The forums have been extremely helpful so far in helping me get started on my research. However, I still have some outsta...
Hi everyone! This is my first post. I am getting started in the game of flipping as well as buy and hold properties and wanted a better understanding of how private/ hard money lenders work. When paying back the loan....
What do you guys typically look for? and what ideal number?Example:cap rate @ 8%Cash on cash @ 12%cash flowdepreciationappreciation etc etc.too broad?
What is the difference between the two? Or are they one and the same?