When doing hard money loan, what should I look for to keep cost as low as possible besides interest rate, is there a list of estimated costs I can ask for or how can I compare between two or more hard money options?
Howdy folks,Greetings. We're wrapping up our first multi-family BRRRR project and finalizing the cash-out refinance process now. We're expecting to close next Monday and just received the closing disclosure statemen...
Hi BP! I have a Maryland commercial mortgage broker who will shop lenders for my financing needs. My rental property presently has one SBA, and one conventional (balloon). The idea is to re-finance for a better rate b...
Does anyone have experience in assuming someone else's mortgage for a fee? I'm looking at buying a SFH that had a refinance back in 2020, so I am assuming the interest rates on the mortgage are lower than they would b...
Hi I took 2 properties and both are getting rehabbed currently. I do not own any other properties before.
Property1 : 122k Hard money loan - 1200 monthly interest payment - This is going to be rented out after rehab...
Hi everyone, have a client looking at a 6 unit commercial multifamily. He is getting quotes from multiple lenders as it appears they are all over the place. Good income numbers, fully rented. He is an A+ qualified bor...
Hello BiggerPockets community.
I’m looking to refinance a 2- Family (non-owner occupied) investment property with a cash out option to help finance another future investment property. Is 70% LTV a standard or are the...
How do you evaluate a hard money or private money lender?
Excuse the rookie question as maybe it's obvious, but having only purchased a primary property a couple years ago and under contract to purchase my first investment, looking for some guidance (not expecting a line by ...
How has your relationship with your lawyer grown as your company has grown. Have you ever had to switch law groups because of work load or any other reason?If you don’t mind answering, what are your legal cost?