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I carry the note on single family home that their 3yr balloon term is coming up. They need more time to get qualified to pay off note. Can that note be extended for 1 year at same terms or do i need to "refi" for 1 y...
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Hi BP - I'm a newbie investor in real estate and trying to better understand the BRRRR strategy. I watched this video from Bigger Pocket's newbie guide to BRRR investing: https://www.youtube.com/watch?v=FBci62dfqaY&am...
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I recently (within the last 3 months) bought a house that was established as my primary residence, and locked in a 2.75% 30 year fixed on it. I’ve found another, significantly more expensive, property that I’d like to...
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I have worked in the real estate industry for several years now (on the tax / accounting side) and as a result have developed an interest in real estate investing. I am interested in the southeast Florida market becau...
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Purchase agreement with wholesaler. Closing date is on February 29, 24. The “end buyer” is getting a loan but the loan won’t be finalized till after the original contract closing date. Close in escrow says it will ext...
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What happens if someone needs more time on their hard money loan? Has anyone ever needed more time on a Hardmoney/bridge loan? Does the current lender give an extension or do you have to find different loan?
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Hi. I'm looking at a 26 unit motel in a tertiary market. Current financials(according to the P&L) show a little over 35k NOI. Converting to an extended stay, that NOI would be closer to 76k, not including debt ...
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As commercial lending continues to wave the white flag, the DSCR loan has become the new darling of lending for real estate investors.
As an investor who was able to maintain a portfolio through the Great Recession...