Thomas Clark
PMI with an FHA loan
I'm not sure if this qualifies as creative nonetheless... just a curious question can someone with an FHA loan also use PMI on TOP of the loan??The reason why I am asking is because I'm looking at fourplexs in my are...
Karl Warner
How much percent should I split with my partner?
Hi guys,I'm brand new to this. Short story. I bought a lot and want to build a starter home on it. My brother (own a construction company) will build for me and be my partner. He will get pay of his labor at premium b...
Greg P.
Higher End and New Constructuion Question
Hello all, I'm looking to build a couple houses with the same contractor I've been using for rehabs. The average rehab costs is around $35k, but these higher end houses and new construction ranges from $120-160k. He...
Chris Virgil-Stone
Any advice on Hard Money?
Hi Everyone,I’m looking to do my first flip with a hard money lender. I have the capital and sound real estate knowledge. Being a landlord for 3 years and doing all the work myself, reading book after book and listeni...
Eric Odum
Private - Hard Money
I am curious what tactics your hard or private money lender uses to arrive at a value in which they are willing to loan.Do they use a 3rd party appraiser?Use 3rd party real estate agents for an opinion of value before...
Collin S.
Pay Contractors Upfront Out of Escrow?
I am closing on a 2 unit in two weeks and was able to negotiate a new roof and other minor repairs to be made after close using funds from the seller out of sale proceeds. We have written estimates lined up from licen...
Lucas Mills
How do I determine if it makes more sense to pay PMI upfront?
I am looking at a 115k property for which the PMI would be $40/month because I'm putting 5% down.On one hand, I could pay the PMI up-front for about $3,300 and increase monthly cashflow by $40, as well as save about $...
Jennifer Evans
Renting vs. Purchasing for Start-Up Business
I would like to open a specialized daycare/child care center. I live in a small town and am trying to decide whether focusing on renting a facility while getting started vs. purchasing land to build a custom facility ...
Richard Helppie-Schmieder
Does this lending product exist?
Looking for 80% LTV for a fix and flip then rolled into a DSCR or a fix and rent.Deal points:Purchase: $308,000Rehab: $160,000ARV: $499,000We are adding an ADU to the back of the property. We have done this 5 times al...
Jamie O'Connell
Lender Questions for Next Loan
Interested in seeing what options are available.
I have bought 6 investment properties in the last 17 months and looking to see what other financing options there are out there. It has been a mix of 1 Conventional, ...