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You get a hard money investor willing to loan you $125k at 10% for a 1 year term & origination fee of 1%. Doesn't that mean that within the first month you need to pony up 1.25k for the origination fee & about...
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Hello!I recently heard from a friend that he managed to buy a property with minimal upfront costs. According to him, he utilized a strategy called owner financing, where he financed a portion of the property's purchas...
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I've been watching videos and reading books on multi family investing. But I just don't understand why when I see them analyzing their annual debt payment, they just multiply the interest percentage by the amount borr...
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Hello everyone, this is my first post on the bigger pockets forum and I’m excited to get started. I have a question regarding myself about to be a first time home buyer and renting out the other bedroom or bedrooms to...
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Here are the most common fears and misconceptions I hear when people talk about house hacking.
Myth: It takes a lot of money to buy a house.
One of the biggest myths about buying a home is that it requires a lot of...
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Please check out this link and see if this is a good deal. I have done some calculations with this online tool to the left of the forum, but I just need to know if what I see is right. I will save any info I have u...
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Hi I am new to commercial loans and I was wondering if i could get some help telling me if these numbers look ok. A little background, we went the commercial route because we are running into DTI issues. THE NUMBERS:L...
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One of my agents suggested that I apply for a USDA loan to finance my first property. It would be for a suburban area, therefore I could apply for it. Other than the common type of loans (FHA, and conventional) I don’...
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Could someone explain to me what a balloon mortgage is, and if anyone in today's world creates them.
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I have been searching around for a couple months in attempt to find my first rental property to buy, and have found a foreclosure that I think has a lot of potential. However, the listing says:"Water and heating syste...