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I am just finishing up a rehab and its about time to get my hard money lender paid back, and get the money I put into the deal back out to rinse and repeat. The property is in my LLC and I am trying to figure out if I...
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We're seeing an origination fee of 1% and lender fees between $1100-1350. I'm thinking the 3rd party fees (i.e. appraisal, closing attorney, title insurances, GA state fees, etc.) will be between $1-2k.Any tips on how...
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Purchase agreement with wholesaler. Closing date is on February 29, 24. The “end buyer” is getting a loan but the loan won’t be finalized till after the original contract closing date. Close in escrow says it will ext...
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I am looking for recommendations for lenders. I want to build my portfolio with one institution, at least to 2-4 properties. I have the DTI / Salary and Credit Score to get approved for a conventional mortgage. I own ...
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My wife and I spent 3 years looking for the right deal. Through proper planning we were able to close on our first mixed use commercial property. The property is vacant and in need of renovations (all of which is ac...
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I found a lender that will loan 80% future ARV. I have to get list of repairs/upgrades, they appraise, them loan 80% of that. It is 12 months interest then converts to a 15-20 year amortization one time close loan. Ca...
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Hello,
I'm interested in getting into RE investing, looking to purchase an auction home. I want to flip the home but my questions are:
1. Can a hard money lender provide funds to acquire an auction property?
2. I...
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Hi All, do any banks/ mortgage companies do DSCR loans under $75k & under $50k in OH and NY? If so, can you please provide the name of the bank and a contact? I would like to speak to someone who can help me with ...
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Hello BP!I am really hoping you can help me. I have been working with a turnkey provider for the last month trying to get a deal together. I had selected a property, gotten approved for a specialty loan (I have no i...
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Greeting BP Fam,While saving for our dream home, my husband and I decided we'd house hack our first home. My husband's now "former" employer failed to provide his corrected W2s and his most recent pay stubs for the pa...