Lydia DeAngelo
Lender Verbiage Legitimate?
Hello, I have been reaching out to some ads I've seen about a loan. We are hoping to find something that will cover us quickly for about $30k at ideally between 3 - 5 year terms, not less than 2. I've gotten some resp...
Demarco Brown
Is it a good idea to use a Hard Money Loan to BRRRR?
Is it a good idea to use a hard money loan to invest in a long term real estate property using the BRRRR method if i have little capitol?
Chris Billington
Note servicer advice in Denver area
Two of our rentals have about 10 years left on them at 4.875% - refied 5 years ago on a 15 year term. These rentals have been in service for years and cash flow nicely. I recently set up a trust for my mother which no...
Dutch Smythe
Hello from WPB Fl
Hello;WE have 4 properties. One in Jacksonville is a 500$/month loss- currently for sale. The other 3 in South Florida combine for 1200$ a month. Property1 we owe 40K- section 8 tenant. Property2 we owe 80K- a duple...
Nick Burns
How to structure Owner Financing deal?
I am looking to structure an owner financing deal. Here are the number:Purchase price: $320,000Amortization: 30 yearsInterest Rate: 5%Balloon payment: 3 yearsMonthly payment: $1717.00How do you structure/allocate you...
Ethan Griffel
Deal analysis duplex with HELOC
Hey all! I'm in the process of finding my first deal! I'm likely planning to use a HELOC for the down payment. I've looked at probably 20 or more properties and when I calculate the HELOC payments into my numbers most...
Marci Stein
So bad at math - please help with this deal
It’s a triplex in Massachusetts. Price 275 k Rental income 3000k expenses 900 a month( includes taxes , insurance, etc)The 75 k down payment is borrowed .So I’ll have to repay 275 k at current rates (6 percent?)How mu...
Matthew Murray
Need cash for home Loan pay off
Hi all,I bought a house in October and my parents loaned me money for the down payment. I am looking at my options to repay them as they loaned it to me for 6 months. I am considering refinancing one of my properties ...
J M
Is my condo still a primary residence if I rent it out for 12 months
I was wondering if I would be eligible for the $8000 tax credit if I:
1) purchase a condo now
Year #1: Live in the condo for one-year
Year #2: Rent the condo to someone else for one-year, while I finish Ph.D. work i...
Aaron Sweat
Hard Money and Collateral
Is it feasible to obtain a loan or a good old boy agreement where a lender offers 100% financing for both the purchase price and construction costs at hard money rates, secured by a second position on the borrower's o...