Kevin Fermin
What Terms Do Lenders Generally Deal?
I'm planning on buying my first rental property next summer & I was planning on borrowing money. Besides the bank, I know that hard money lenders get paid back with high interest rates. What types of other terms w...
Alex Lloyd
Variable Rate HELOC question
When using a HELOC with a variable rate, when you take out a loan against your credit line, are you "locked in" to that rate for the entire amount you have to pay back on the amount of money you took out, OR do fluctu...
Steven Westlake
Does anyone use finger print scanner locks?
Has anyone tried those finger print scan locks? It seems there are a few pluses: 1. Im not spending money to replace locks when they move. 2. No lost keys. 3. No copying keys to tenants not on the lease. 4. Would crea...
David Boroughes
Flippers/Investors where do you"park" your money between deals?
Where do you park your money between deals? Last house I sold, I bought into mutual funds & some individual stocks, turned out to be a bad move, lost tens of thousands. At the same time, I hate to just put it in t...
Ty Hines
Do note buyers commit to purchase before note is seasoned?
In my short time learning about notes I have learned that most note buyers who say they can purchase notes at closing actually can NOT. With that being said, is it common practice for note buyers to commit to buying a...
Dean Suzuki
Does this look like a good loan?
Hi,
I maxed out on my Fannie loans so I have been searching for portfolio lenders. I found one that lends at the following terms:
Interest Rate: 5-year FHLB + 3.00%, floor or 5.95%
Adjusts every 5...
Nick M.
Are these fair commercial terms?
Hi All,I've received a commercial term sheet for my first commercial property ($390K loan on $520K purchase):10 year maturity, 25 year amortization. During the first five years fixed at 4.75 and then after first fiv...
Jay H.
Hello from Tallahassee
Hello all, I recently found BP. Up until now I have sat back and observed/ absorbed all the useful information.
My experience (10 years) revolves around commercial real estate finance. Since 2007 I have been engulfe...
Kevin Garcia
Software for managing a few properties
WHAT IS A VERY CHEAP BUT GOOD PROPERTY MANAGEMENT SOFTWARE FOR A SMALL, HUMBLE PORTFOLIO (a couple units but slowly growing)?
[And just out of curiosity: What is the best property management software for managing man...
Greg Hodges
Private Lending with ConnectInvest
Has anyone used Connectinvest.com? If so, what are some opinions on this private lending group. Thx