Hi all ...First stab at residential development, and I'm working on a small, 14-lot neighborhood of all SFHs. The design and permitting is complete, and we're awaiting the 4th and prob final contractor to submit their...
When a borrower is negotiating terms with a lender, he/she needs to determine the amount of points and note rate that will work best for their situation. Here is a breakdown of what it looks like when a borrower choos...
I have a borrower who is currently flipping 8-12 houses. I give a range because he's currently working on holding a few, as opposed to flipping.He's actually trying to flip a house to himself that he used another len...
If, hypothetically, I lend $400K unsecured and my borrower disappears off the grid, I will have a huge loss. Is that a loss I would be able to spread over several years for tax purposes? It's doubtful this will happe...
Well I am looking to buy another rental unit and need about another 25k to do a total cash deal. So my question is what would be the most benifical way to get cash out of a rental unit that is already paid for?
I have the opportunity to borrow from my parents’ HELOC to put towards the downpayment on a rental. They do not want to make money on it. They would loan it to me and I would be paying back just the P&I on the H...
We closed on a multi-unit building last May. All the units are rented and have a current lease in place. When is the property available to borrow against for a new purchase?
Hi guys, it seems like since the "Stress Test" was implemented checking for "borrowing strength" by mortgage advisers depends solely on income/salary regardless of cash in hand. Seeing this I do notice young people i...