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After speaking with my local bank, I am able to qualify for a $25k personal line of credit at a 13% adjustable rate. Has anyone had experience using a personal line of credit when creatively financing deals? My thinki...
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Here is my scenario, Sacramento California. Rental property that I owe $145K (appraised at $430K) at 3.6% 30 year, 7 years into the loan, total PITI payment $1080, currently rented to great tenants at $2200 per month....
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What kind of interest rates and loan durations can I expect to find with a hard money lender?
I understand they typically run high, but how high? Is there a standard?
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They close quickly. Aren't shopped like REO packages and are great product to have in an investment portfolio.
Have any of you done them? What has your experience been?
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I am looking to pull equity out of my primary for my first deal (which will be out of state LTR back in my hometown in IL) and my Loan Officer brought back these numbers. I know that interest rates are high, however l...
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Currently own and manage my two multi family properties. First a 4 unit then a 2unit. House hacked by living in both before moving into my now single family home. Both properties now have equity and cash flow. What su...
Hi,I have 50K extra to invest, and I have already diversified my other investments to many different areas using: Vanguard 3-fund index fund portfolio ( vtsax, vtiax, vwitx (60/30/10) ), M1Finance 3-fund ETF portfolio...
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Considering some HELOC arbitrage and essentially buying next rental property with practically “no money down.”AHP Servicing: 10% preferred returnCurrent HELOC Rate: 4.49% variableAHP net return: say 7.5% (after taxes ...
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Investment Info:
buy & hold investment.
Purchase price: $1,325,000
Cash invested: $450,000
Sale price: $2,349,000
Great cash flow investment in Seattle. Incredible cap rate and amazing loca...
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What is the going rate for Hard Moneylenders to charge? Atlanta GA area.
Hard Money vs Loans, what's more beneficial and why?