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Looking to invest around Lake Nokomis/Richfield/Bloomington, MNI've been doing some reading, and with the prices in my area I don't have enough funds for a 20-25% downpayment for multi-family properties. I have almost...
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I have heard so many different stories about balloon loans. When a borrower signs an agreement to pay interest only for a set period of time and pay the amount due at a set period of time. Say, I borrow $100,000 at 5%...
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Can anyone tell me which one of these loans is better for an apartment building? What are the key differences in terms compared to each other? Can someone also describe the process of obtaining either loans?Thanks!
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I’m reading through “Investing with No/Low Money Down” and am struggling to understand private money interest rates, specifically the example on page 101.
Investor receives $130K, for a five-year term at 8%, interes...
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I am seeking a loan on a LTR that has a rent to value of 1.3% with the potential of 2%. 30 year amortization or interest only. DM me if interested.
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Hi There,
let say that a property is being sold at 1M. Seller has 300k in equity rest is on a fannie mae loan. Instead of me giving a down payment, seller will finance the 300K in 5 years and we want to structure t...
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Speak to me like I am 5 Years old Customary Total fees interest etc for 100k hard money loan for 4 months?
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Well, this is awkward.We just signed up a new investor for our multifamily investment projects to fund the construction side of things. Verbally, the investor agreed to invest $200,000 with us for 2 projects this sum...
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Investment Info:
Small multi-family (2-4 units) fix & flip investment in New Britain.
Purchase price: $130,000
Cash invested: $30,000
Sale price: $270,000
@Rachael Agruso and I purchased a fo...
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Hi All,I own a property free and clear, and want to pull some money out of it to invest in other properties. I'm thinking I'd like to do a 3-5 year interest-only with a balloon at the end rather than a traditional lo...