My parents have a property in San Francisco currently doing a major $700k+ remodel, including addition of a legal ADU, making a SFR into a legal 2 unit property, likely appraise for over $2 mil in a few months. These 2 units are rented out to family at way below market rent, but to recoup the rem...
Investors come in different sizes and levels of experience, from small or newbies to seasoned investors. And just like and tradesmen, experience often means knowing which tool to use, and when to use it. That brings me to HELOC's. "Are you using your HELOC as the whole solution-or one piece of th...
Thinking about their Heloc credit card specifically. They are saying it is faster process than traditional heloc and no appraisal needed. Any of you guys had experience with this company or the credit card heloc? https://www.aven.com/education...
Hello everyone, My name is Austin Bosgraf and I am looking to buy a house hack property to live in while attending grad school next fall. My reason for posting today is to ask for some clarity on receiving a loan for said house hack. To give some background on my financial position I am coming ou...
Hello, I'm purchasing a FSBO, $485k purchase price in florida, single family, investment loan. Seller is fine being in second position to the bank with a $95k note, interest only, 7 year balloon, no PPP. Current bank i'm talking with offers great rates but still wants 15% down of my own money. Lo...
Looking for input from experienced multifamily investors I’m evaluating a multifamily property. The property recently completed a renovation and is currently operating, but I’m trying to determine the best financing/exit strategy because it does not have a long post-renovation operating history y...
From my experience, I've used both notes and shared equity, and it really comes down to the opportunity and your own risk profile. Private money gives you more control but tends to cost more, while equity is cheaper upfront but means less control and less upside for you. Would you rather give up ...
What has been your experience selling with seller financing? Are you basically a glorified landlord or has your experience been better? What were the terms of your your loan? Did you sell the loan to a note buyer? What loan terms are note buyers looking for? I know a lot of questions but your exp...
What types of financing are working best for you right now when a deal is a little tight on cash flow? Are you finding better results with DSCR loans, adjustable-rate loans, seller financing, interest-only options, or something else? With rates and expenses where they are, I'm interested in heari...
I’ve been thinking through a structure on some small multifamily deals and I’m curious whether anyone here has actually closed something similar. Every once in a while I come across properties trading at a 12%–13% cap rate where the income supports a value materially higher than the negotiated pu...
I’m curious how people are actually structuring these deals in practice. I’ve been looking at multifamily / small commercial residential acquisitions where the seller is open to carrying part of the purchase price, and the structure would be something like 70% senior financing with the seller car...
Hi everyone, I am wondering whats the difference in the THDA loan? Pros and Cons, i am hearing that a first time buyer in Tennessee can receive 15k towards a property is this true and are there any repercussions? Thanks in advance.
Howdy. I'm looking for a Home Equity Agreement partner, who works with investment properties in Tennessee? A Home Equity Agreement is not a HELOC. It is my understanding that HELOC lenders do not work with 2nd homes and investment properties. At least, I have not been able to find one. If you kno...
I see alot of people who purchased around early 2020's who want to access cash from their investments but cant refinance without messing up their cashflow. Is anyone here running into similar issue?
Hi, I am trying to finance my first multifamily. I have 15 cash flowing properties with $900k of equity, since they have low current rates I'd like a heloc or other ideas to find $150k for the multi family down payment. any advice or ideas please? Thanks, Jemma
I have a rental property in Memphis that I currently owe roughly $60,000 on, that is worth about $135,000. The mortgage broker I have been working with says he can not do a cash out refinance because I currently have 5 properties with mortgages. Can someone suggest a bank or contact in Memphis th...
Lenders seem to be tightening DSCR requirements lately. Anyone seeing real differences in refinance terms between a 1.0x and a 1.25x+ deal in this rate environment?
I know a mortgage normally would not fit under the 'creative financing' category, but this is a special category, so I thought I would give it a try here. My wife and I bought a property two months ago planning on flipping it. Then probably about the 100th time we heard the word BRRRRRRRRRRRR (ri...
Subject-to gets pitched as simple — take over payments on the existing loan — but the deals that go sideways almost always trace back to skipping the same step: actually verifying the loan. That means confirming the real payoff balance, the payment history (is it even current?), the interest rate...
I keep seeing a particular problem with otherwise viable real estate deals, and I'm interested in how other investors are solving it. The property has substantial equity, sometimes hundreds of thousands of dollars, but the owner can't access it. The bank says no. DSCR doesn't work. A hard-money l...
Has anyone done a HELOC on and investment property or know lenders who will take a second position on a Equity line? I have a primary with too good a rate to refi, but have significant equity I want to tap without selling. Advice?
I have never pulled comps on a deal I funded. I do not ask for your ARV, your rehab budget, or your rent estimate. That surprises people, because every other lender they have talked to starts there. Do you know what a transactional funder is actually underwriting? If you assumed it was the proper...
Hello Everyone, I recently heard about a loan product called an HEI - Home Equity Investment. I spoke with a senior client who has significant equity in her home, however is in need of some cash to sustain her financially. I have done some preliminary research on companies such as Point and Split...
I own a property in Leander, TX 78641, currently worth approximately $365K. The current lease runs through August 31, 2027, with base rent of $2,200/month plus a $25 animal fee. The loan is current. I’m flexible on what I receive from the property depending on the overall structure. My main prior...
One of the advantages of knowing financing is that I can often take a deal that doesn’t work and find another way to structure it. That’s also one of the dangers. The original financing doesn’t work. Fine. Change the leverage. Bring in more equity. Extend the term. Find different money. Change th...