Hi,Does the type of lease term make a difference when wanting to do a DSCR type refinance loan? I have some leases that are Month to Month and I just want to make sure that will not hurt me during the process. Whether...
Hi BP! I have a couple of SUPER NEWBIE questions about repaying a Hard Money Lender (I've never even had a regular mortgage for a personal residence). 1. My assumption is that once you get the hard money loan and you ...
I’m trying to understand the terms of these construction loans to build a duplex and choose the better option ASAP.
Loan 1: Loan Amount: $525,000 - $75,000 funded at closing (less fees and reserve), then 6 draws of ...
Hey gang, just curious what industry standard is or your experience for a PM company sending rent proceed funds?
So I came across this blog post and when I saw the first example for a Multifamily unit, I frowned thinking I had gone wrong somewhere.Let me preface this by saying I’m completely new but I just don't see how a 300k m...
This is a question I get all the time when dealing with people entering the mobile home market... and there are a whole bunch of answers. Lets start with one thing in mind, the less you pay- the quicker you recover yo...
Is it true that 6 months of mortgage payments is needed as an emergency fund before the closing of your loan on a multi-family property? If so, is there any way around this requirement? Is this requirement for every l...
I would like to sell a second position mortgage portfolio I own. Any suggestions on the best way to value it.
We sold a portfolio of properties to a single buyer, all notes are performing. The notes are interest on...
Is there a formula for determining if an applicant is qualified financially?Thanks!!!!!
Hey everyone, I was wondering what the ballpark down payment one would need to house hack in LA, and bring their monthly payment down to 1000/ month or less.
Most 3-4 unit places I have found in West LA are 1.5 - 2 ...