Doug Prahst
Is it okay for tenant to pay one years rent up front
So, I have an applicant for an apartment that I'm renting that will pay for one years' rent up front.It's not an internet scam, I actually met this person. They live two houses away in a 1 bedroom and want a two bedro...
Devin Mann
how expensive is hard money?
say they are offering 4 points with 12% interest on a hard money loan and they are offering 70% of arv.this SFR is worth 300k ARV. Im purchasing it for 170k. Now how do the costs lay out? i pay those 4 points...
Brendan Daly
Financing a househack - FHA vs Conventional?
Hi All,I'm looking to get some community input on how you would finance a househack. I'm looking to purchase a 2 - 4 unit property and live in one of the units. I know that doing an FHA mortgage is quite popular on BP...
Yu Chen
tenant paying 1 year rent in full, good or bad?
Hey everyone,I just recently bought a rehabbed property in KS, MO. my PM just informed me that someone is interested in renting the property. This individual just hit a jackpot and wants to pay the one year rent upfro...
Jon Lam
Valuable to get rent payments upfront?
Was curious if you all would find value in a financing product that allows you to receive rent payments upfront (say 10 months of rent on a 1-year lease), and if so, what interest rate you'd be willing to pay on such ...
Albert Melo
FHA with DPA vs Conventional with DPA
I need some feedback. My lender sent me two different loans that I qualify for a property that's going to be my primary residence and I'm going to fix it up and in 2 years I'm going to sell it. So we qualify for GFSI....
Amit M.
Higher return DST offerings
I recently received a mailer from Kay properties of 2 DST offerings: an 8% and 10% preferred return (net lease income fund 28, LLC and opportunistic income fund 75, LLC). I was surprised as most DSTs I’ve seen are in ...
Richard Helppie-Schmieder
Does this lending product exist?
Looking for 80% LTV for a fix and flip then rolled into a DSCR or a fix and rent.Deal points:Purchase: $308,000Rehab: $160,000ARV: $499,000We are adding an ADU to the back of the property. We have done this 5 times al...
Tony Cimino
Hard Money for quick close and then refinance?
Is it possible to get hard money to negotiate a lower price (cash price), and then refinance the loan with a bank for a lower interest rate.
Think of doing this for a rental property.
Marcus Griffin
1st deal loan modification help
I purchased a home sub2 that was a pre foreclose. The bank is offering 2 options for modification. I pay $14k and keep 3.5% interested rate and $1900 payment or no upfront payment put interest go to 7% with $2500 paym...