I have looking into financing and have come across this idea of doing an interest only loan to purchase a multi-family. The thinking is, I really don’t have a desire to own the property, but rather maximize the cash f...
OK, so I have a note that is paying me $199.54 per month.
I have offered to sell 12 of those payments to an investor at 8.0% interest.
So if:
N = 12
I = 0.67
PMT = 199.54
FV = 0
PV = $2293.87
So, in order for the ...
I'm looking at buying a multi-family as a investment property in the Boston, Mass area. My goal is to have several properties that bring in cash flow for me. I'm looking at houses that will be up for auction or forecl...
I recently (about a year and a half) bought a 4 family home with my cousin through a 203k FHA loan. We completely rehabbed all the apartments and rented 3 of the units while living in one. Now we came to the point in ...
Question(s) for a unique scenario: My 2 siblings and I are considering pitching in and co-signing together on a large home for us to move into with our parents and extended family in North Florida where the homes are ...
Greetings! Is it normal to use a hard money loan to acquire an invest property that’s ready to go/doesn’t require work? So I’d borrow the money just to get the home and then do a cash out refinance later. Is that norm...
I am looking for a way to refinance repairs to my parent's old home that suffered fire damage some 8 years ago. It's been in a state of disrepair for so long due to funds being unavailable. My parents both no longer w...
Hi guys this is my first post on here. I wish I had more to contribute before I start asking questions but I guess I'll just have to deal with the newbie hazing (please be kind!).I currently have a deal for a commerci...
I’ve been looking at a self storage facility. My bank started telling 25% down and 20 years. Then they told me they might be able to do 20% down and 25 years. How flexible are commercial terms and rates? I’ve heard ex...
I've heard about a strategy people use when buying, rehabbing and then refinancing to "get their cash out". Would anyone be willing to explain how refinancing a property works in an example like this? (excludes closin...