Jerome E. Fields
how many different way can you cash out at the setllement table on a purchase that has equity in it
Can I offer a lower price to the owner that is agreed upon and then get a higher mortgage and cash out on the difference?The property has enough equity in it to do so, their are improvements that need to be made?Ho...
Joe Jung
Searching for Hard Money or Portfolio Lender with no Seasoning
Hello,I was hoping to find some lenders that is willing to cash out refi with minimal seasoning. Can anyone help me find them?Thank you.
Darrin Smith
The Use of a Hard Money Lender
I seen a property that I would really love to get as a investment property. It doesn't need any work done to it and the seller is motivated to sell it. However I dont have the funds to purchase it. Will a hard money l...
Aubrey H.
How to finance new construction?
We are looking at developing a city block into several MF units (per city codes). We are looking at way as to finance this new project. What have you found as the best financing for new construction of investment prop...
David Taylor
Financing and Seller Financing Texas
Good Morning BP,If you have a property that is financed using seller's financing, and you decide you will like to make improvements to the home what option would you take? I will like to take out a mortgage payoff th...
Hari Mann
Cash-out refinance of 35 condo units in Holly Hill, FL
Hey BP! My REI company has been lucky enough to experience growth these last few years and have recently closed on a purchase of 35 condo units in cash. After decreasing expenses, improving some of the units that need...
George Ramsay
Private Lending Construction Loan
Hey everyoneI have a noobie question I was hoping the group could help out with. I'm doing my first construction loan for a rehab project and gave the first draw to the borrower. Draw was based on invoices and receipt...
Michael Greer
Seller proposed their financing terms. Am I wrong?
6 plex for sale. Asked a property owner if they would consider seller financing. They sent the following terms:7.5% interest rate, 7 years, 25% up front.I'm looking to lock in a cheap rate on an income producing prope...
Wayne Freeman
question? about the 2% rule
the 2% rule says that a 100,000 house... You need to get 2,000 in rent.
What if you get a 100,000 house and you spend 40,000 on rehap. Now do you do the 2% rule on the 140,000. Or you still do it on the pu...
Nathan Platter
Hotel Acquisition! Lenders Needed
Asking for a friend:"I'm getting a couple of contracts on Hotels. High cap and high cash flowing properties. Looking for the best possible LTV. Lenders who can close quickly. I want to build a long-term relationship.T...