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im trying to understand how hard money lending works. at first i though if you find a lender and he wants 10% you would pay him his money and 10% when you reach the 3 month or 6 month term you set up. But If I'm payin...
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How do you pay your GC? Do you pay a downpayment? What percentage of the total cost do you pay and how many draws do you use?Thank you!
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Hi everyone, I've been spending about two weeks deep diving into investment property. I've been told I can qualify and I can't by 10 different people. Now, I understand that living in the property is different than ...
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I'm working on getting funding for my first BRRRR. I found someone advertising on a local meetup in my area that said "I will fund your deal for 5%". I reached out to him and he says he is a private investor for Chart...
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Hey everyone,So I'm looking into house hacking in Orange county and I have a few questions. 1) Can I bundle the closing cost into an FHA loan? I life in an expensive market living in Orange county and after looking in...
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HI guys, I am in the process of buying a new condo to rent out and I know it needs some work done to get it ready. What are some of the questions you ask prospect contractors or handyman in order to determine whether ...
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Was curious if you all would find value in a financing product that allows you to receive rent payments upfront (say 10 months of rent on a 1-year lease), and if so, what interest rate you'd be willing to pay on such ...
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I need some feedback. My lender sent me two different loans that I qualify for a property that's going to be my primary residence and I'm going to fix it up and in 2 years I'm going to sell it. So we qualify for GFSI....
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How do you feel about paying mortgage insurance upfront? My loan officer mentioned tax benefits as a plus and lower monthly payments. Are there any downsides to that loan payment option from an investor point of view?...
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One of my units needs to be repainted and have some updating done in the kitchen and bathroom. My PM has a rehab company that can do the work. I've looked over the bid and the pricing is ok. The problem is, he said "l...