All Forum Posts by: Carlos Cuervo

I’m just wondering can I go from one mortgage investor group to another seeing who can give me a better deal? Without it hurting my credit. Because I’ve been told there is a 1 week grace period where I can check with multiple banks & lenders.

Looking for a Home Inspector in the Knoxville area! 

How should I go about finding a team to fix up an investment property? 

& should I take an inspector with me to check the house, the first time I see the property?

Interested in learning what a private lender is required have by law. Do they have to have a license?

@Will Fraser how would the bank know what interest rate to charge us if we were in a LLC?

Is it possible for 2 individuals to get separate home loans & close in on one house? Or would it be easier to set up a Corporation in which we are both involved in and get a business loan for the house?

Please let me know, also additional information

This is in Knoxville, TN

I'm currently interested in a property to set up as a rental. So I let my private lender know about the property and he found it interesting as well. How would I go mathematically paying my lender his loan back per month?

Is there a formula, one can use in order to calculate the amount of money I’d need to have every month for a payment on the mortgage?

What are some questions one might encounter when asking a private lender for a loan?

I’m currently on the look out for a property to make into a rental property. I’m just running into a couple things I have questions about.

1.) I am a very mathematical formula depending human being... & so that causes me to ask how do I implement into the monthly payment of my tenant.

The house monthly mortgage $ + the 1% rule $

(If you know a formula this would be the time to tell me pleasssseeee & thank you greatly)

2.) Do I need to meet any requirements in order to make contract deals for 1-year with my tenants?

(If so, how do I go about meeting those requirements.)

3.) what % of interest does one normally need to pay a private investor?

I have someone who is interested luckily, but I don’t want to low ball them. So I just want an over all average.

4.) What’s a good way to lower closing costs?