I am trying to understand the mechanics/math behind a CMBS loan assumption and the cash/equity needed from a buyer who would acquire the property and assume the loan.Example parameters below:Original Loan Bal...
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Thoughts on this property? This is a BRRRR property. Would you use the Total 80% from appraisal to minimize out of pockets which generates less cash flow or use less and more out of pocket for more cash f...
Hello, everyone
I'm interested in any experiences you've had with a hard money loan to complete construction on an existing property. One of my partners owns a successful entertainment business next to Camden Yards ...
Hey BP family can anyone explain the meaning of a step down pre payment as well as yield maintenance and how an investor should look at and evaluate both when looking for a Fannie Mae loan or a recourse(bank) loan.
I am looking at purchasing several properties to set up as Mid-term rentals in Tucson, ideally around the Hospitals in town to focus on traveling healthcare professionals. I have received conflicting advice on propert...
I see that the term "turnkey" is being widely used these days by seller and agents alike in their marketing. So I thought I'd take some time to point of the difference between "turnkey" and what we are now having to ...
Needing some expertise! Just bought our first place with inherited tenants. We got a very small estoppel agreement with the confirmed rent amount and that there was no deposit on a one pager. We have no information /b...
Hey everyone. I just purchased my first STR property in Gatlinburg area of the Smokies a few months ago. I'm looking to buy another cabin soon in the same area for STR purposes. For my first one, I was able to do a...
Hi newbie here. I’m wanting to buy a 6 plex but banks are not willing to finance the deal. I was offered money from a private money lender who wanted 40% down, interest only at 9% and $9000 fee. I’ve often heard the t...
Hello BP, doing some research on delayed financing when purchasing with cash and cashing out some money under 6 months. Are investors doing this and then cashing out the remainder after 6 months? Doesn't that cost mo...