All Forum Posts by: Kyle Novak

ok so if it's an arm that means adjustable rate mortgage? So how often is it adjustable? And if it's a 15 year balloon doesn't that mean the balance is due in 15 years? So why is it ammoratized over 25?

I constantly read about investors all over the country using private money to fund deals, and now that I have found a private money lender I'm curious about how to refinance out of the high interest rate that private money usually comes with. Now I only have one property so far so I know I can just go to a bank and do a traditional refinance, but my question is more specific to when I have used all the mortgages a bank will allow me (10) is the highest I've found. So my question is when I'm buying that 11th property and I use private money to purchase it, how and who do I refinance with to get a lower interest rate with a 30 year ammoritization? Thanks! 

Congrats on the deal! I should be closing on my first deal in a couple weeks that has very similar numbers to yours! So hopefully that means I am getting a good deal! 

I'm looking for an investor friendly real estate agent in the Massillon/canton area of Ohio! I'm local to this area which is why I'd like to start there. If anyone has any referrals of good agents in the area I'd appreciate any comments or messages! Thanks!