Jerry Cima
How is a hard money loan paid back.
You get a hard money investor willing to loan you $125k at 10% for a 1 year term & origination fee of 1%. Doesn't that mean that within the first month you need to pony up 1.25k for the origination fee & about...
Chris Orme
BRRR calculator help
New to this, and feel like I'm getting grasp of the BRRRR strategy.
However, in using the BRRRR calculator here, I am confused about something. When figuring holding costs, I feel like it doesn't take into account t...
Wendell De Guzman
Why Paying OFF A Mortgage Is NOT Necessarily Smart
For those of you fans of leverage or using the bank's money...here's a provocative blog post: Why It's Not Necessarily Smart to Pay off Your Investment MortgageWhat do you think @Brandon Turner , @Ben Leybovich and ot...
John Michael
HELOC terms from my local credit union. Any feedback?
Hello all,A real estate rookie here in the midst of a HELOC application at a local credit union. I've used this credit union before for other things and they are very reputable. There is something in the HELOC terms...
Zac Boelkow
Help organizing heloc, mom loan, and brrrr strategy please
Looking for advice, suggestions, and tips on how to pay for two properties I am currently in contract on. I am using my HELOC and Bank of Mom for both properties from one seller.
Pickering Ln: SFH purchase price $125...
Tristan Pearrow
DSCR Loans: Lending Parameters, Key Features, and Up to 10 Units
Hey BP Community, a lot of you have had questions since I posted about DSCR loans last week. So...
Here's a follow up on my last post. This time I’m going to highlight some of the features of a few DSCR options for v...
Gail Shulski
PML Calculation for Interest payments and Payoff needed
I'm about to close a deal with a PML for $150,000, 12%, and 2 points. I'm going to pay interest only for 6 months and then a balloon payment of the balance on the 7th month (after I'm able to refinance with a traditi...
Nick Mazzarese
Seller Financing - how to structure a deal?
Hello BP,can you someone provide an example for how they would go about structuring a seller financing deal on a free & clear property?
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Loan Type
I'm getting ready to purchase a four plex and was set to acquire a 30 yr. fixed rate loan. A mortgage broker is trying to convince me to acquire an interest only loan stating that I can leverage my money best that wa...
Amy Raye Rogers
Commercial Deal Lending Analysis
Deal analysis: 5 duplexes for 157k each. Market value on each is 185k. I have a line of credit I can use for the down payment. However, using that neutralizes the cash flow. I was thinking of asking for an interest on...