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

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!

Hi,This is my very first attempt to share my property analysis on the forum, and I hope to contribute, if any, to this category of discussion.I have a rental duplex in Whittier, California. I've been running math on p...

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...

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...

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 ...

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 ...

Hi there. Me and my wife are new investors in our area. I was wondering if I could get some professional opinions on this duplex$1000 per month each side which is slightly below average so I would be raising it to $10...

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 ...

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...