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
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?
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...
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...
Would you invest in Saw Creek estates townhomes or single family homes? Cap rates seem more attractive than Lehigh Valley inspite of condo fees. Curious what other more experienced investors think?
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...
I have a current project lined up that I'm looking to use CraigBrokerage.com for. It will be an unsecured loan for the full purchase price of 125k. They first verify income then proceed with funding approval. Once ap...
Hi all, I am struggling with the analysis on this one. I am looking at purchasing 3 multi families from the same owner. The only way the deal will work is if I purchase all 3. My biggest concern is that two of the pro...
Hi all! I have been a big fan and follower of BP for some time now. My fiancée and I are finally starting to invest in Real Estate through a house hack in the Chicago area. We are currently in the process of looking f...
When we talk about loans, especially Hard Money Loans, the lender’s interest rate
easily falls between 8% to 18%. The borrower’s credit score has weight on the
interest rate even with hard money lenders. The property ...