Realtor Samuel
RealtorForum Replies Created
-
Hard money loans are short-term financing typically used for real estate investments. They are issued by private lenders rather than banks or other institutional lenders. The loan-to-value (LTV) ratio for hard money loans is generally more conservative than traditional mortgages. This is because hard money lenders view the property as the primary source of repayment rather than the borrower’s income or credit.
While LTV requirements can vary by lender, here are some typical ranges for hard money loan LTVs:
- Fix-and-flip loans: 65% – 75% LTV
- Long-term rental property loans: 65% – 80% LTV
- New construction loans: 60% – 65% LTV
- Land loans: 50% – 65% LTV
The maximum LTV is influenced by the property’s condition, location, marketability, and the borrower’s experience. Lenders are more conservative and have higher-risk properties or borrowers.
It’s common for hard money lenders to keep LTVs relatively low to protect themselves if they need to foreclose and sell the property quickly to recoup their investment.
So, in summary, while traditional mortgages can have an LTV of 80% or higher, hard money loan LTVs typically max out between 50% and 80%, depending on the specifics of the deal. Lower LTVs reduce the lender’s risk. For more information, check out Lending Network at https://www.lendingnetwork.org/
-
The Federal Reserve is the central banking system of the United States. Its main responsibilities include conducting monetary policy, supervising banks, maintaining financial system stability, and providing banking services. While the Fed can increase the money supply through quantitative easing, its mandates focus on maximizing employment and keeping inflation low and stable. As of mid-2023, inflation in the United States had been elevated for over a year, driven by supply chain disruptions, robust consumer demand, and other pandemic-related factors. The Fed raised interest rates to cool demand and bring inflation back to its 2% target rate. Economic projections in 2023 suggested a possible soft landing, where inflation could be controlled without causing a severe recession. However, the risks of a harder landing remained. Ultimately, only time will tell how effective the Fed’s policies will be. Jerome Powell and Janet Yellen are underplaying the state of our economy. They are not telling the truth and trying to deceive the American people. Normally the consumer cannot tell if inflation is on the upswing. However, every American can tell how bad inflation is just by going to shopping for weekly groceries. 12 pack of soda which was $3,99 just 18 months ago is now at $8.99. Everything across the isle at the grocery story is expensive. Stop printing money and stop lying.
-
The list of Joe Biden replacement is not a list of a potential President of the United States. Kamala Harris is incompetent, Gavin Newsome is a disaster, and Michelle Obama will be controlled by Barack Obama. Gavin Newsom, the current governor of California: Gavin Newsom was born October 10, 1967 so he fits the age to become president. Newsome has served as the 40th governor of California since January 2019. Before him becoming governor, Gavin Newsome served as the 49th lieutenant governor of California from 2011 to 2019 and as the 42nd mayor of San Francisco from 2004 to 2011. Gavin Newsom is a far left liberal and he is really strong on major initiatives and policies have included efforts to combat climate change, protect access to abortion, regulate the tech industry, and raise taxes on the wealthy. He is a two term California government where he won re-election in 2022, defeating Republican state senator Brian Dahle. There was an unsuccessful Republican-led effort to recall Newsom as governor in 2021 over his handling of the COVID-19 pandemic, which he survived. From what I researched through Wikipedia, Gavin Newsom is a former businessman and founded several companies, including PlumpJack wine store and the PlumpJack Cafe. His ex-wife is Kimberly Guilfoyle, who becomae Donald Trump Jr.’s girlfriend. Ironic. Lol. There are scandals of Gavin Newsome where he had an affair with the wife of his campaign manager. In my opinion, I rather have Joe Biden as President than Kamala Harris. Harris is a nightmare and bad for our country. As for Michelle Obama, it does not require a genius to see that her husband will be running directives in running our country. Anyways, it is what it is. As for myself, I am voting for the felon Donald Trump for President this coming November.
-
How can I get started with opening business credit cards?
-
Lol. Everything Joe Biden touches turns into CRAP 💩 😑 🙄 😒 😐 😳 💩
-
Like James O’Keefe undercover investigations.
-
There’s a lot resistance when it comes to manufactured home financing. But there are many modular and manufactured financing wholesale mortgage investors.
-
Some of these manufactured homes are nicer than stick built homes.
-
Here is a great insight into the thoughts of Ramon VonWalker in his take and forecast of what may happen. Does make sense and like to commend him on his insights m We shall all see. Knowing CEO MIKE KORTAS, he is transparent above and beyond so plan on things becoming better and not in the dark.
linkedin.com
Ramon Von Walker on LinkedIn: Co-Founder Mat Grella Terminated From NEXA
No one enjoys witnessing the dissolution of a marriage, but it seems that Nexa Mortgage founders Mike Kortas and Mat Grella are headed down that path. The…
