Hello, I have a condo in Union City NJ that is owner financed and I'm looking to pull some cash out to reinvest on new investment . I love the BRRRR strategy would love to do it over and over , Thank you in advance
Hello,Im new to property investing so I would like to know what others think about my situation. I recently graduated with $65,000 in student loan debt and I am currently making $61,000 a year. I am interested in by a...
So i found a property im interested in renting. The cost is $135k. I have a hard money lender for 80% of it so that leaves me in charge of $27k to put down. If I have an investor(s) for the $27k, how will their paymen...
I am looking at investment property for STR. How am I able to figure out what loans (lowest possible $ amount down) I can qualify or before searching? Do I speak with mortgage lenders before and see what I qualify for...
Hi All,
Is anybody able to direct me in the right direction to a commercial loan calculator in order to calculate P&I on different loan terms and amortization schedules?
Thank You
I've read about house hacking the BRRRR method, FHA loans, etc.. I'm ready to get started, but not I'm sure about next steps. Maybe you can help?For the last 10 years, I've been living in Asia running a small marketin...
I have not done a mortgage or refi in a decade and am currently in process with a reputable credit union. They use a third party for processing and servicing and my mortgage consultant got me a great rate as they wer...
Hello, I am a beginner lender, although I have my uncle guiding me who is more experienced. I am looking for a program to calculate my irregular loans. So far, the programs I have found do an inadequate job with month...
I'm interested in a property. The purchase price is around 30K, construction cost is 50K, ARV is 160-180K. Total loan amount 80K. What will be my out of pocket expense? E.g., closing costs, monthly rate, points, etc...
Here's how you can calculate the specifics of a hard money loan... A simplified/general calculation can be done by following the steps outlined below. Step 1: Calculate your total loan amount by taking the ARV (averag...