Hi,
I tried to post this earlier, but I guess it didn't go through. I can't seem to find the post anywhere. So I hope this isn't a duplicate post.
But anyway, I spoke with a young lady today at an investor-friendly...
Hey everyone,So i'm looking to close on my first rental property. I am looking to get funding from a private lender that does balloon financing, interest only payments at 6% for 5 years. I'm asking for a loan of $70,0...
I am rehabbing my parents property as my first rehab project. 180K is left on mortgage and 45K in renovation costs with an ARV of 450K. I am applying for a renovation loan only for 60K.I found a lender (1stcapitallend...
Hi All,
Apologies for the long winded background, but it's needed for my question at the bottom in BOLD.
My wife and I were looking at building a townhome in our area from a large builder, we visited the pre-built...
Hello Team,I am working on updating my Annual Property Operating Data worksheet (from "Cashflow and 37 other equations you should know"). I have a CAP rate metric on there, I don't have ROI. What is the difference bet...
I have put in an offer on a house that we are planning to flip. I'm a little concerned about the finances behind this flip. Can someone please tell me if I'm understanding the financing correctly.We are going to go w...
I have a question on financing. I’m trying to determine the best of the two following options for financing a property that I’m buying for 130k. 1. Financing 75% at fixed 5% over 30 years. $36k up front cost. 2. Payin...
Hey guys--
what is your rule of thumb for general contractors with how much of the total job cost you pay them at the end (in terms of a % of overall job cost), and when do you pay it? i.e. after final punch list, a...
In BRRR strategy, what happened to the monthly finance charges during the renovation? The math that I usually hear doesn’t speak to whatever you are paying your lender during the 3-6 months of renovation.BRRR is toute...