All Forum Posts by: Jordan Moorhead

Yes, I've never seen a commercial loan without a balloon. Some DSCR lender may jump on here and say they do them but I don't like their terms typically.

 We find that they're easily 50% above LTR here in the Austin area. I own a few and so do agents on our team.

You can use local banks and there are national lenders. I checked this out and it looks overpriced without having any other info. For almost $100k a lot you want a pretty high NOI to make sense of it, like over $300k IMO

Congratulations on your park deal!

Check out the MHU bootcamp by @Frank Rolfe!

We've worked with local banks and been able to finance the three we own without any issues.

I don't necessarily know if it's "beginner" investor friendly but you'll learn everything you need in the bootcamp which is the gold standard

We get loans with 3-7 year balloons and 25 year amortization typically

We'll see everyone at our office in South Austin off of Barton Skyway tonight!

Texas One Title is! Reach out, I'm a part owner

Join us this week as @Cody Caswell shares his insights on how to successfully complete your first house flip!

Cody has flipped over 60 homes himself and has designed over 100 flips for investors nationwide. Learn the valuable tricks of the trade that he has discovered in his 10+ years of house flipping including:

1. How to not get in over your head.
2. How to find the RIGHT deal for you.
3. How to build your "Dream Team".
4. How to vet contractors.
5. How to successfully plan and execute your first project.

Don't miss this opportunity to learn from an industry veteran and avoid the mistakes of a new investor!

 Mobile home parks have been good for me!

I'm open to talking @Terrell Istre. Is this park in Louisiana?