I am buying a property for 144k that appraised for 247. the property was lowered to this number after sitting for a year. needs 25k in repairs, and will rent for 1350-1450. The dscr loan is requiring 25% down, and 130...

Hey All,Wondering if anyone has seen this out there in the last month or if anyone has a referral of any banks currently offering this loan option?

Eight total doors in Indiana. Gross annual rental income is $88,140. After insurance, tax, mortgage, and pm fees, net income is $40,057. $24,540 annual in annual interest to the bank. That’s a lot of money to give awa...

I understand that the loan origination fees are amortized over the life of the loan, so if you get a hard money loan and paid $3000 in origination fees, you would create an amortized asset with a 1 year life span, bec...

I've been thinking of possibly finding a hard money lender to do a fix and flip, but I don't want to get ripped off. What are normal terms of a hard money loan?

I was just approved for $235k on my primary home and I have no personal debt.  Terms are 9.5% fixed 10 year, Interst only with 20 year ARM.   Fess about $8k.  Is this worth it?   I want to have the funds available to ...

I’m trying to understand cap rates in multifamily real estate, and I don’t mean getting the resulting number of dividing the NOI by the value of the asset.What expenses should be included in the NOI formula? I typical...

I’m looking for a loan to purchase an 5 Unit apartment and came across a lender. He told me I have to pay a $3,600 origination fee for for $180K. I told the lender from Metro Financial Services, INC that I didn’t want...

Hey all,I am looking to buy and move into a 2nd property (my first SFH will be turned into a rental). I am looking at some local brokers/banks and can get around 4% for a 30 yr conventional 5% downpayment. I am seeing...

Hi I've been approved for a few private loans is it normal to have to pay upfront costs to attain the loan?  Thanks for your response