Chase Gu
Questions about commercial loan
Hi, I have a small mixed-use property under contract and am talking with a bank for financing. I have some questions. Any help is much appreciated! 1. What would be a good interest rate for a small commercial prope...
Joel Ortiz
Mobile Home Park facility LOI
I have three questions in filling out a out an LOI- How long is a standard due diligence process ? - How much of a deposit should I give ? - How much are closing costs ? My property financials will be 3.7 million ...
Seth Borman
Effect of Steep Stairs on Financing and Saleability
We have an old house, 1937, with steep stairs that are uneven. One set of stairs goes down and makes a gradual turn.Not only are they steep, they vary in height and depth along the way.We are selling the house with a ...
Fallon Moore
Filling out "As Is" contract with financing contingencies
I'm obviously embarrassed to ask this, but please don't rip me to shreds. I'm a new agent who just switched brokerages and no one from within my brokerage is answering me but I'm on a time deadline. I'm stressed about...
Matthew Brown
[Calc Review] Help me analyze this deal
View report
This property is in Elizabeth City, NJ; it is an off-market property with three units currently occupied; there is a 4th unit that I will convert into an Airbnb. I have gotten pre-approval for a loan for ...
Christine Barker
Cash out for rehab on multifamily condo
Hi All, I'm looking for recommendations for lenders who can do a quick turnaround with no/little early payoff penalty so I can get my contractor on the rehab asap! I would like to get a cash out fix&flip loan on m...
Jephte Augustin
Cash out refi rental property with DSCR loan
I have a questionI have property I just acquired and renovated with a Fannie Mae loan. I’m looking to cash out refi, but I have to wait 12 months of seasoning before I can do that. Does that seasoning period apply if ...
Zachary Blomberg
Question about HELOCs
Hello! I am interested in opening a HELOC to tap into the equity of my house without changing my current interest rate on my mortgage. I have been shopping lenders for a few days and they offer varying numbers for max...
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How much to factor for holding costs? Hard money?
Ok here is the deal,
1200 sq Ft. Frame house with (finished) basement
Property comps $100K - $140K
Asking price 60K
Financing: Hard Money
Needs: Carpet, outside siding, paint, Kitchen cabinets, and windows.
Pain...
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...