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My wife and I recently purchased our first Multifamily. This property came with large laundry appliances in the basement for each unit. None of which have any sort of payment system attached. I don’t necessarily want ...
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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...
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Hi, Do people usually pay closing costs out of pocket or is it typically wrapped into the loan? I'm looking to obtain an FHA loan for my first owner-occupied duplex. Also, I've heard FHA requires PMI. Is .5%-1% of the...
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Has anyone had experience with www.steadyprivateloan.com? Their website looks legit, they had me give them some basic information, send them pictures and comps, and they agreed to do the loan of the purchase price plu...
Need help with possible down payment assistance on house me and my partner are intending to fix and flip. I’m in Fort Lauderdale, FL. Any help is appreciated.
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I'm anxious to hear the experiences of anyone who has pursued this avenue of real estate income/investment.
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How do you evaluate a hard money or private money lender?
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Hi Everyone Closing on a $350k rental property with financing options listed below. I have run several calculations and would like to hear some opinions. My preference is to reduce the amount paid up front in both fee...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $250,000
Cash invested: $14,000
Sale price: $350,000
Purchase Price: $250,000
* I made 6% on the purchase upfro...
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This is the estimate I am planning on using for financing. This is one aspect of things I have NO knowledge of. I don't know what things are required, which are optional, etc. A couple things stand out to me:Cant Shop...