Brian Jobson
When are Hard Money Fees Paid?
So I emailed about 7 lenders yesterday and got replies back from all of them. After reading 2 of the emails I began wondering about these fees and when they are due. This is an excerpt of 1 of the emails I receive...
Wendy S.
Refinance Costs Rolled In
Good day all. So I decided to do a refinance and HELOC to hopefully enjoy the best of both worlds.My question is, what are the benefits of paying the closings costs upfront vs having them rolled into the loan?I have ...
Sean Dawson
Delayed Financing Using The BRRRR Method
Has anyone had any experience using delayed financing for the BRRRR method? What are the pros and cons to this versus a traditional re-finance? I understand there is no seasoning period, but does that mean that you al...
Brian Graham
First Investment Property!
Investment Info:
Condo buy & hold investment.
Purchase price: $163,000
Cash invested: $37,500
2bd 2bath condo that could use a facelift.
What made you interested in investing in this typ...
Brendan D.
Hard Money Lender upfront fees
Are there any hard money lenders out there who don't charge points up front? Seems like the points would be subtracted from the loan amount, but a few lenders in my area (DC metro)
want me to bring the points to closi...
Amir Navabpour
Ever consider collecting all rent up front for a discount?
I know that when a new tenant offers to pay upfront its a red flag. However, for an existing (good) tenant anyone ever consider offering a plan where rent can be paid in advance in return for a discount? I am in soft...
Stu Stanton
What would be a good return on a passive investment?
I have been throwing this around for a while now and just don't know the answer.
If you could purchase a home, even at 100% financing, and it would give you positive cash flow, money up front, money on the back end, ...
Lincoln Kai
Seeking Hard Money Lender - Refi 2nd Property
I have a 2nd investment single family home (3 beds, 2 bath) that I built new approximately 5 year ago in Idaho. I currently owe 120k on the home and it's worth approximately 220k. I am coming up about 40k short on a...
Andrew Merewitz
BRRRR - How to use hard money and then refi ?
I'm looking in Florida (jacksonville specifically) to start with some BRRRR properties. The hard money lenders require an LLC to lend to, but then when I want to refi into a conventional loan, I wont be able to do so ...
Nathan Davis
Seller concessions and PMI
I took around but couldn't find a conclusive answer. I'm thinking of asking for seller concessions to be applied to PMI/MIP. From what I've read that seems permissible. My question is how that concession is applied to...