Hello BP, I'm interested in a property that's coming up on an auction on the courthouse steps. The auction requires a $25k deposit and the rest in cash within 10 days. I'm interested in this as a hold property. An...
Hey Guys and Gals
My husband and I have been in the rental business for about a year and a half. Within that time have purchased 10 homes to which several were purchased on a commercial loan. My husband works, make...
1st they gobbled up homes by the truckloads in certain markets (bigger homes, which don't cash flow that well but research shows vacancies are at 4-5 years) and now introduce loans to landlords to further flood the...
Hi, looking for lending advice.. I've secured funding for single family investments, but have yet to pull the trigger. Today, I was presented with a 6 unit multifamily portfolio with 10.3% CR, 22% COC and NOI of 51k. ...
For anyone who has applied for a loan through their entity. I'm a new company and soon will be looking for a loan. What qualifications do banks/lenders look for? What is a typcial amount to ask for or receive? I plan ...
I have two money lending deals that have come my way. The first one is a SFR that they want to borrow 70k for 6 months on and is worth 190K based on comps. The second in 60k for one year to purchase a 120 foreclo...
I posted this in another section of the forums, but I'm not sure if it was the right place, so I'm posting it here again:
I spoke with local bank today, and after offering me a 3/3 ARM with 15% down to which...
Hey guys I'm wondering what you guys are thinking about using hard money to fund my first deal drop your thoughts below.
Hello AllI am a Newbie looking to do my first fix and flip in the New Jersey area and I currently have a property under contract. I am thinking about getting a loan from a traditional bank since the interest rates are...
Hi,I have been speaking with a quite a few HML's to get an idea of how much it costs to borrow money. I am working on getting my first fix and flip out of the way (the toughest one, apparently). With that being said...