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re: Interest Only Loans
I recently attended a "Financial Planning" class at my job. Someone asked about the "Interest Only Loans". The instructor said "NO, NO NO". I was wondering why. He didn't get into it he just said it's only good if you...
Nickolas T Philliber
First Deal Need some advice --Rental--
Looking to purchase 2 units, 120k for the pair.I am going to put 20% down through a heloc.The rest of the deal will be financed through a local credit union they are looking to do terms of 3 yr balloon at 6.5%: 5 yr ...
Justin Linderman
Refi Com. Loan VS. Line of Credit (Best strategy to pay off Loan)
I want to compare a Refi Commercial Loan with the following terms: Amortization Term of 15 years for a commercial property at an interest rate of 5.8% Refi amount is $262,500.00My monthly payment would be approximatel...
Account Closed
Buy and Hold Amortization Years
Hi just posing a scenario out there for buy and hold investors. If you have a private investor willing to put up all the funds for a buy and hold, how long of a mortgage would you prefer? In our example you're buying ...
Ross Ellington
The Price of a Note?
Hey, good evening BP! I was wondering if the purchase of a note was anything like the purchase of a house? Meaning is their a type of payment plan or is it paid in cash for the note. Also, is there any science to pric...
Christian D.
Seller Financing Exit Strategies
Has anyone currently purchased a home by using seller financing? If so, I'd be interested to hear how the deal was structured, and what your exit strategy is.Any additional feedback or strategies when negotiating with...
Michael B.
I got a building with ton of equity worth around 5million.
In this market i don't know what kind of loan or line of credit i should go with. Lenders are giving me 3 million LTV.
Should i do a line a credit buy a building cash and refi and repeat?
Should do 30 year Amortizat...
Martin Malapira
Commercial Lending 30 Yr Fixed no-recourse
New investor here. I’ve spoken with many lenders in my geographic area (Houston) about commercial loans for multi-family properties. Many of them are different variations of the following:
Scenario 1: 30-year fixed a...
Andrew Michaud
15 year Term, 20 year Amortization. Define Amortization?
I have been approved on a loan for 15 Yr, 20 Yr Amortization. What does this mean? Am I paying off the loan in 15 years or 20 years?Am I paying off the interest in 15 years and paying off the rest of the principal fro...
Clint Rostedt
Real estate note ...to sell or not to sell?
Seeking advice from seasoned pros. I am relatively new to real estate investing. Ive got 5 rentals and a real estate note that I own from an owner finance fix and flip deal I recently closed. The value is $114, 900 at...