Sanjay Gupta
Hard Money Lender rehab amount
Is it legal for hard money lender to charge interest on full rehab amount even though full rehab amount was not given. We have 90K rehab money which was funded by Hard Money Lender, however due to stricter guidelines ...
Erin Elam
HML question - Why can't i think straight???
Please help my brain fog!! When using hard money ... say the HML wants monthly interest only payments. Do you have to also pay 'mortgage' payments to someone else, insurance, the utilities OOP? Or does this get paid ...
Billy Bob
HELOC with less than 1% minimum payment?
With the equity in my primary home I can get a HELOC of up to $170k. I'm looking to expand my rental portfolio. Most of the credit unions I have contacted have a minimum 1% monthly payment of the outstanding balance,...
Scott Tuck
Chat GPT and loan types with numbers
Request:List real estate loan types and a hypothetical example of each with a national interest rate of 6.5% and total repayment amount Include dscr and hard money loan, fixed-rate mortgage, arm, fha loan,va loan, int...
Justin Goodin
👋3 Ways To Calculate Interest
Commercial real estate lenders calculate interest on loans in three ways:✔️ 30/360✔️ Actual/365 (aka 365/365)✔️ Actual/360 (aka 365/360)Real estate underwriters should be aware of these 3 methods and understand which ...
Craig N.
Does this type of financing term exist?
I would like to borrow a sum of money whereby I pay the interest monthly or quarterly, and pay the full principle back at maturity along with the final interest payment. For example, a 5% monthly-pay $100K loan for 5 ...
Scott Michael Gross
Refinancing lenders (non traditional banks)
Hi All!My partners and I are relatively new in the game. We were undergoing our first BRRRR in the Pittsburgh area and were in the process with Civic financial services but they just paused new loans so we need to fi...
Daniel Alexander
NEED HELP WITH HELOC OPTIONS ON WHICH TO CHOOSE
Should I do a HELOC that has a fixed low rate (5.875%) that doesnt have an option for interest only payments, or a Variable rate HELOC (prime 8%) that has an interest only payment option...i would like to use the fund...
Matthew Evers
Multi-Family interstate's only ?
Wanted to put this to the forum for some direction and suggestions. As of now, I have only been dealing with Single Family properties.
Currently looking at a deal with 22 units 18 apartments at $2,975,000. Currently...
Aidan Birmingham
How to determine how much principal remains when balloon payment is due
I am closing a seller financing deal but am confused with how monthly payments are split up between principal and interest. How do I determine how much principal is owed at the 10 year mark for the balloon payment? I ...