Alex Jacobson
How to get hard money with seller financing?
I have a project where the seller is carrying the note on the home with a 20% down payment. Now, I need private or hard money to do the rehab but no one wants to be in 2nd position after the seller. My friend has advi...
Kevin Demerath
Is buying points worth it in my scenario?
My business partner and I had an offer accepted on a duplex. The price we paid is $169,900. When looking at loans we've found one at 4.25% and that required 20% down. We found another at 4.75%-5.25% based on our credi...
Neill K.
New York Property - Refi or HELOC?
Hi everyone,I have a property fully paid in Williamsburg, Brooklyn, NY valued at 500k. I want to utilize the equity for other REI in different states as well use a small portion to pay off a bit of debt (10k). Would...
Walter Correia
Refinancing from VA loan to conventional loan
Is it possible to refinance A VA loan to a conventional loan? I currently have one property under VA loan and another property under a FHA loan. I heard and read about a VA loan program that allows you to cash out ref...
Steve S.
Looking into a commercial loan. How is balloon payment handled?
I can work with the higher interest rate and try to find deals that fit the added expense, but if you do a CL on a 20 year amor with a 10 year balloon, how do most people handle this?1) do they simply save up the case...
Tim Braun
Deciding if I should fix and sell or fix and hold/rent
Good morning all, I have my first deal that I am working on and I am trying to figure out the best exit strategies:1. Fix and sell2. Fix, rent, refinanceThis is a single family home - 2/1 but I may be able to make it ...
Jason Malabute
BRRRR....top of the market
Do you guys think doing BRRRR right now during the peak of the market is a bad idea? What if the market crashes before you are able to refinance (with all that cash tied up in a property)?
Inna Pakhalyuk
First cash purchase with intentions to get HELOC.
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $200,000
Cash invested: $200,000
Bought a twin house that was converted into a duplex.
Monthly income from ...
Shiv Jey
How do portfolio loans work?
More specifically, let’s say I see five great houses that would make great rentals for 50k each.I make five offers and get 4.Now can I take these four contracts and show them to a guy/gal who does portfolio loans and ...
Scott Carlin
My First Multi-Family Investment
Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $5,500,000
Cash invested: $1,200,000
88 Unit apartment complex in Montgomery, AL
What made yo...