All Forum Posts by: Herb Mitchell
Herb Mitchell has started 2 posts and replied 2 times.
Post: Buy and Hold for rentals vs Flips
Herb MitchellPosted
- Real Estate Agent
- Pensacola, FL
- Posts 2
- Votes 1
With the REO prices on the increase, and wholesale deals harder to find, I am at a point where I need to decide if I had the funds to purchase rental properties vs. flips were the margins are not as good. I am using IRA self directed funds so tax depreciation and capital gains may not fall into my decision. I can probably get a CAP rate of 12-15%. Thanks for any suggestions.
Post: Terms for lending money
Herb MitchellPosted
- Real Estate Agent
- Pensacola, FL
- Posts 2
- Votes 1
As a lender, what kind of terms(ie) points and interest rates would create a win/win for the lender and investor? I am also interested in limiting the number of months to the investor. I would generally do about 65-70% LTV for those people I have a relationship with. Any suggestions?