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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...
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how are hard money loans structured? are they amortized or interest only?
if you got a 3 year hard money loan would you pay interest monthly for 3 years and pay principal in balloon payment after 3 years?
thanks
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Ok, so I currently have 2 separate properties that only have a balance of $18000. Each but they value at roughly $160000. Each What I was thinking of doing was to get a 20 year mortgage from a different lender for $8...
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10% down 10% interest 5 year ballon amortization Can someone explain to me exactly how this works please. 5 years 10% interest - does it mean for 5 years you only pay interest?Thank you!
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Hi BP Community!I am looking for any advice on what to look for when analyzing a house hack outside of my monthly payment. I'm planning to do a rent-by-the-room house hack in DFW after I graduate from college in May o...
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If you read my background my husband and I started seriously looking into investing back in March, and since then things have taken off. I'm overly excited & nervous about the entire process, but after listening t...
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Hi. I have a question about working with a partner to change the terms of a note. Here’s the details:Purchased a SFH with partners money, $50,000 purchase price, $30,000 rehab money for a total of $80,000. The terms ...
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What is the best way to compare mortgage options if the down payment and interest rate are dissimilar? I know a lot of people say to put the least amount of your own money into the deal as possible, but that can't alw...
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My banker suggested I would get financing easier if I chose a 15yr note on my investment properties. He says those are commercial loans which his bank treat differently than 30 yr notes. Does this sound correct? I ...
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Hey Everyone, So I have found an off market deal where the owner wants to get rid of the home at $63k. Which puts our budget very tight for a flip with the repairs looking to be around 20-25k. I am having the thought ...