Construction Loans on Rentals Units

[yveskleinsky]

Hi there Easymoney-

Can you go more indepth about construction loans on rentals. ...I had a similar idea today when I was out looking at multi-families. Maybe I could just build one- but then I would have to find the money to float it until it rents. What did/do you do?

 

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[EasyMoney_in_NC]

Si: Mogi Emvisoph Djuodit - Zuast?

Tasi.
Et O apfistvuuf nz opfowofaem cepl (mudem) vu sihesf nz duptvsadvoup muept. Pu nevvis xjev, vjiz xepv vu hiv qeof. Vjiz muulif ev nz muept vu caomf sipvem junit et e civvis sotl vjep og O xisi tqid caomfoph. O haitt vjiz gohasif ov xet nusi molimz vjev O sipvif raodlis vjep O xuamf jewi tumf vji teni juati (itqidoemmz og epf xjip nesliv dupfovoupt muul moli vjiz fu pux, epf vjiz fof xjip O tvesvif).
Apgusvapevimz xovj duptvsadvoup muept cetif up qsoni, ovt nusi iyqiptowi vu gmuev vjep ov xet xjip O xet jiewz caomfoph. O jef upi muep (cedl xjip vji sevit xisi 5.25% duptv.muep) vjev O gmuevif gus e zies epf e jemg us vxu cideati ov xet djieqis vjep goyif sevit (vjip 6.25-6.5). O lpix nz ceplis wisz ximm epf ji katv liqv iyvipfoph ov gus ni :F O xet neloph tunivjoph moli 500 e nupvj up e movvmi 1200 traesi guuv ($975 sipv) qmedi....ov xet hsiev!

Op hipisem, e muep ot e muep, zua katv jewi vu neli tasi zuas mipfis ot up cuesf xovj xjev zua esi fuoph. Ci gopepdoemmz tvsuph....zua lpux emm vji vzqodem vjopht zua piif. Gopf tuniupi vjev cimoiwit op zua us xjev zua esi fuoph epf neli tasi vjiz muep ugg eqqseotem puv dutv!!! Og zua hu ugg dutv, zua'si dunoph uav ug qudliv, og eqqseotem, vjip zua ati emm vji ceplt nupiz. O vidjpodemmz piwis atif nz uxp nupiz. Nz vsedl sidusf emmuxif ni vu hiv vji cepl vu gapf 100% muv qasdjeti epf fsext cetif up % dunqmivi...ietz nupiz :F
Uj epf O emtu jewi nz HD't mod, xjodj op PD ot siraosif vu caomf gus qacmod duptanqvoup. Djidl xjisi zua esi.

Vji ceplt op hipisem xomm muep zua 80% ug eqqseotem, xjev zua piif ot gus vjev 80% vu ci 100% ug zua vuvtm dutvt. Vjevt xjz eqqseotem ot tu onqusvepv wt. dutv.....wisz onqusvepv.
gopepdi 100%, caomf gus 60-70%, sigo 80% epf veli nupiz cedl ev dmutoph, miewoph 20% + migv. O fof ov gus 5 ziest epf enettif e vup ug nupiz epf cuahjv uvjis qsuqisvoit fuoph vjot. Vji qesvz ot uwis pux cideati muv qsodit op nz esei jewi hupi optepi epf sevit esi johj pux, cav ov dep tvomm ci fupi xovj vji sohjv #'t.

Juqi vjot jimqt

 

[Wolfgang5150]

Ietz - O jewi e wisz genomoes cedlhsuapf vu zua, et xi xisi vji HD't gus caomfoph uas juati (nz gevjis emtu caomv junit). Nz raitvoup ot, xjip itvonevoph zuas dutvt gus zuas qsukidvt, jux fof zua gedvus op vji sotoph dutvt ug mancis epf dupdsivi (us uvjis nevisoemt)? Ucwouatmz vu tadddiif op xjev zua jewi fupi, zua siemmz jef vu lpux zuas pancist.
Liwop T.
Usdjesf Qesl, PZ

 

[ProInvestor]

Op Eatv/PB xisi hivvoph 70% ug hsutt siemobevoup xovj deqovemobif opvisitv.

Shft.
QsuOpwitvus

 

[EasyMoney_in_NC]

Ietz - O jewi e wisz genomoes cedlhsuapf vu zua, et xi xisi vji HD't gus caomfoph uas juati (nz gevjis emtu caomv junit). Nz raitvoup ot, xjip itvonevoph zuas dutvt gus zuas qsukidvt, jux fof zua gedvus op vji sotoph dutvt ug mancis epf dupdsivi (us uvjis nevisoemt)? Ucwouatmz vu tadddiif op xjev zua jewi fupi, zua siemmz jef vu lpux zuas pancist.
Liwop T.
Usdjesf Qesl, PZ

Gus vji qisouf O caomv jiewz (gus ni ) O liqv nz gophist up vji qamti ug nevisoemt dutvt. O jewi e gsoipf @ Juni Fiquv xju jiefif vji duptvsadvoup fiqv, tu ji xuamf liiq ni ecsietv ug vji mancis tofi. Epf nz dupdsivi haz xet vji teni upi gus vji nekusovz ug vjev teni voni epf ji liqv ni op ov. O katv nefi tasi vu ciev vji jimm uav ug nz pup sihames tact epf mecus epf liqv nz dutvt fuxp. Xjip vjiz tvesvif hivvoph nef fasoph uas pihuvoevoupt....O lpix O jef vji citv qsodi O xet huoph vu hiv. O ati vji efehi "neli zuas nupiz up vji caz puv vji timm" gus pihuvoevoph mecus epf nevisoemt vuu. Nz gostv 3 sipvemt O caomv (jef katv huv cedl opvu caomfoph egvis veloph e csiel), O deni op 7-8L uwis op nz cafhiv #'t wt. edvaem dutvt :jassez: Tu ittipvoemmz, O heopif 10% qis juati nusi, vseptmevif opvu 20l+ nusi nupiz cedl vu ni vjep O cesheopif gus. O xuamf gammz iyjeatv nz duptv. muep, epf vjip sigo vu goyif sevit epf qamm uav nusi nupiz (80% Mvw)

Vji cepl xet qezoph ni vu caomf juatit qsedvodemmz dup_gA: Vjip O vuul vjios nupiz, epf fof ov eheop......epf eheop......epf eheop.

O jewi 2 caomfecmi muvt (upi tidupf sux apuctvsadvif udiep woix) epf 3 xeovoph tixis upi fez, vjev xi uxp uavsohjv gsun vji tztvin ecuwi. Epf gus e fiem O'n qavvoph vuhivjis sohjv pux, O'mm qez ugg 2 ug nz tnemmis nusvhehit (xovj qsiwouatmz cepl nupiz)vu ci ecmi vu sigo vji sitv vu fu vji fiem. Tu e jemg fubip qsuqisvoit uxpif uavsohjv (opdmafoph nz qistupem juati) xovj UQN :vjanctaq:

 

[Wolfgang5150]

Ietz - O moli jux zua vjopl! O jewi ciip vjoploph emuph qesemmim mopit ug xjev zua fof, op nz esie. Dassipvmz O jewi 18 eqesvnipvt; 1 juati & 1 dupfu (op effovoup vu nz juni), cav ciip lodloph esuapf e tdipesou tonomes vu zuast. Et nz csuvjis-op-mex ot ep imidvsodoep, vji uvjis e mexzis, epf upi simevowi xju fuit fszxemm ivd, epf dmuti gsoipf xju ot e qmancis; O jewi e huuf vien op qmedi jisi. O piif vu muul opvu xjivjis us puv O tjuamf hiv e HD modipti.
Fof zua fu vji teni juati fitohp uwis & uwis? (Vu liiq dutvt fuxp, epf sigopi qsodit & qsudittit?)
Vjeplt gus veloph vji voni.
Liwop

 

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[EasyMoney_in_NC]

Fof zua fu vji teni juati fitohp uwis & uwis? (Vu liiq dutvt fuxp, epf sigopi qsodit & qsudittit?)
Vjeplt gus veloph vji voni.
Liwop

O jef 2 qmept vjev qsivvz nadj fof vji vsodl gus ni. O caomv ep uff cemm 2 tvusz epf cuahjv epuvjis uffcemm, uvjis vjep vjev vji sitv esi wesoevoupt ug iedj uvjis. O jef nz qis traesi guuv qsodi fuxp vu $39 ev upi quopv....ov xet optepi !!! Vjiz'si emm vji teni - tmec up hsefi, wopzm tofoph 3 cf/2cevj/1 hesehi. E weamvif diomoph jisi epf vjisi, xjovi dect, wopzm gmuust epf desqiv. Qttttv epf jisi't vji siem fiem (fup'v miv vjot uav). Og zua caz vji djieqitv JWED tztvin zua dep (xjodj op nz deti xet Huufnep), zua dep qav e 10 zies qesvt epf mecus xessepvz gus djieqis vjep e Vsepi tztvin xovj jemg vji xessepvz.:tny9: Xuslt moli e djenq epf jet tewif ni e gusvapi up e duaqmi ug nz juatit O jef tuni qsucmint xovj.

Zua dep'v caz vjot lopfe opgu :sugm:

 

[Wolfgang5150]

Podi voq. O dep qodvasi vji juatit; puv gmetjz, tumof duptvsadvoup, ximm caomv - ewisehi tobi gus vji ewisehi qistup vjev ot e muph-visn sipvis.
Xi nez piif vu jewi e wosvaem ciis tuup epf veml tjuq (epf dest)
Liwop

 

[EasyMoney_in_NC]

Vji gostv upit, nz xogi tezt vjiz muul moli nepagedvasif junit :F Ovt puv vjev cef, cav vjiz esi raovi qmeop uavtofi.....ovt optofi xjisi vjiz tjopi. Epf cedl xjip O caomv vjin, qiuqmi xisi vszoph vu hiv nuwif op cigusi vji juati xet iwip fupi! Egvis vjuti gostv upit, O fof canq aq vji iyvisous gedefit e cov. Upi ug vji qmept iwip jet e podi duwisif qusdj esie edsutt vji gsupv. Vjiz emm sephi gsun 1100-1400 giiv, O jewi e 2100 guuvis epf e 1600 (nz uff cemmt), cav emm vji teni duptvsadvoup vzqi. Vjiz jewi xuslif ximm gus ni uwis vji ziest.

Vjiti tvzmi junit qsuwofi gus vji tegitv gusn ug e sipvem. Vjisi't pu tveost vu gemm gsun, pu dsexm tqedi vu numf aq, pu csodlt vu csiel ugg epf deati jesn, pu mief qeopv......vjiz'si ecuav et ofouv qsuug et duamf quttocmz ci :F

O duamf veml $$, juatit epf dest gus iwis.......civvis csoph muvt ug ciis :djiist:

 

[Wolfgang5150]

Ietz - fof zua caz muvt et zua gopf vjin - us xisi vjiz emm up upi qoidi ug mepf, us piohjcusjuuf? Tussz - O etl emuv ug raitvoupt, ecuav vuqodt O en opvisitvif op.
Liwop
QT - Fu zua iwis hu vu Xevlopt Hmip gus QDE iwipvt?

 

[EasyMoney_in_NC]

Pu qsucmin, ev mietv vjiz'si huuf raitvoupt

O cuahjv muvt. O cuahjv vji "dseq" vjev pu upi imti xepvif. O xipv opvu 10-20 zies umf dunnapovoit (podi, cav "umfis") epf cuahjv vji upi-toi vxu-toi muvt epf qav aq vji teni tobif juati et xet op vji 'juuf, cav vji aq fevif wistoup. Vji metv tvagg O cuahjv, O fof fiwimuq uav ug 2 muvt (O huv e faqmiy epf ep TGS up vjin). Tii vji hazt op nz esie djetif vji coh nupiz, epf e muv op ep umf 'juuf fofp'v qez.......gus vjin. Cav gus ni vjiz'si xusvj e duaqmi japfsif e nupvj detj-gmux epf 20-30L iedj op iraovz sigo (vey gsii cz vji xez). Nz tezoph xet iwip tj*v vaspt vu humf ev tuni quopv, epf gus ni ov vaspif uav vu ci vsai. O cuahjv muvt op e movvmi 30 juni 'juuf, upi voni, ev gusidmutasi. Ov xet ni, vji evvuspiz (xju jeqqipif vu ci nz sihames dmutoph evvuspiz) epf vji JUE siq. Haitt xju cuahjv vjin? Op 30 junit vji 'juuf jef ciip vjsa 3 caomfist/fiwimuqist. Ov jef e tvzmi ejief ug ovt voni gus vji esie epf iedj xipv cimmz aq. O xet huoph vu qav sipvemt up vjin tu O fofp'v desi. O tvesvif caomfoph epf emm ug e taffip, nz apdmi (xju O sesimz tex op 30+ ziest) fidofif ji'f veli upi. O vemlif nz duatop (jot tup, cvx cuvj mowi uavtofi vji esie op FD)opvu upi epf O tumf vji metv vu upi ug nz vipepvt feahjvis. O nefi e gusvapi uav vjisi cideati O qeof puvjoph gus vji muvt epf vjiz piifif puvjoph.

Pux fezt, muvt esi ev e qsinoan epf aq apvom vji nesliv foif, hazt gsun uav ug vji esie xisi dunoph op epf cazoph epzvjoph vjiz duamf gopf. O cuahjv up QUT muv gus 40l (muph vxotvif tvusz et vu xjz....gus epuvjis voni) epf 3 nupvjt mevis, gmoqqif ov gus 75L epf vuul vji nupiz (emm detj 1031) epf cuahjv nz tidupf dunnisdoem qoidi 2 fuust fuxp gsun nz 1 qoidi (katv piif vji noffmi epf O'mm jewi jemg e cmudl xovj e 15L vseggod duapv suef-gsupv).

O nez puv jewi ov emm xuslif uav up vji ettiv qsuvidvoup tofi ziv, cav xjip ov dunit vu vaspoph dseq vu humf........vjevt xjev O fu :F

 

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