John Sween
Advice with cash refi
Need some advice, here are my scenarios.
Option 1 – Regular Saving/ No new action
Save approximately $7,000 per month. To reach the same $90,000 would take almost 13 months of savings.
Option 2 – Cash out / Buy q...
Chris Shepard
5 plex value add with huge loan problems!
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $945,000
Cash invested: $345,000
I 1031ed a single family home that I purchased in college into this 5 plex. ...
Chris Shepard
5 plex value add with huge loan problems!
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $945,000
Cash invested: $345,000
I 1031ed a home that I purchased in college into this 5 plex. My plan is t...
Fllnids Agg
Seasonal Rental (3-4 months) Payment Term Question? Full payment
Hi there again,What are standard terms for snowbirds (canadians / international folks) in Florida who are renting for Jan-April?I have a possible client who says, they have paid month-to-month like a yearly lease for ...
Gary Singleton
difficulty with financing more deals
Hello, im in my 2nd year of investing, I still consdier myself an advanced ametuer. i presently have 11 rentals (9 sfh and 2 commercial buildings) i only have 6 mortgages.Heres my issue... every single time i try to f...
Alice Huang
How would you close the gap on funding?
Hey everyone!
Hope y'all doing well.
Business partner and I are keen on a lot to build a new build. We can afford 5% down and OF the balance with ballon payment in June. Seller wants 20% down. We are using HML for...
Carole G.
When selling owner finance, do you use a pre-payment penalty?
We have buyers for a couple rental properties we have. They are each around $250k. We are wondering how to protect ourselves in the event one or even both decide to sell or refinance in the near future, or even in t...
Dan O.
Second Lien at foreclosure?
If I am successful bidder on the 1st lien and that is lien that is being forclosed on .
Am I responisible for the balance of the second lien??
I am in Massachusetts.
Thanks
Marc C.
Freddie Mac names top multifamily lenders
http://finance.yahoo.com/news/freddie-mac-names-to...Maybe the next time someone posts "Multifamily lender wanted" they'll check this list first. These loan brokers also do non-Freddie financing. (Freddie's Small Bala...
Chad Dickenson
Bookkeeping Software for REI?
We are ramping things up on our fix n flips AND buy and holds. What bookkeeping software do you use to track income and expenses... profit and loss? Quicken, Quickbooks, Excel?Would love to hear!Thanks!