Someone is selling a house 390,000. I went to the tax assessment site and notice he brought in 2004 for 220,000. The house has been renovated such as new carpet, washer and dryer, stove etc. Is 390,000 too much for th...
I understand that DCRs need to be 1.25 and above for commercial loans, but what source do lenders use to compute those numbers? Tax returns? Just most recent or 2 years worth? Do they ignore depreciation as it appears...
Hi,I am writing to find a lender for max LTV cash out on investment rental properties in New York & New Jersey. I would like options for recently purchased properties with no seasoning periods and options for pr...
If I private lend at a 12% interest rate and 4pts up front, what do the 4pts equate to?Acquisition and refurb would be around $380-$400k total.Note: this is hypothetical.
Well basically i put 90k into a property and I’m selling it for 175k. I’ve had it for 16 months and think it will get appraised for 190-200k. Am i able to cash out refi and pull 80% equity out and keep it or should i ...
For multi-family landlords..do you have a preference between 1 bed/1 bath units versus 2+ that are more family friendly...particularly in downtown areas?
Hi BP,
I listed a house for rent/for sale with an agent in NJ. I haven't been impressed with her work so far and went ahead and found a renter on my own. We had agreed on first months rent as a finder's fee, but I en...
Interested in starting with a vacation rental.Is this a good option?
I read a book where it says I should ask for 3 months to ask. Does it depend on the cash buyer?