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Updated 5 months ago on . Most recent reply
Searching for a lender
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $5
Cash invested: $5
I have a 3 bds 3bth home with 1958 sqft, valued at $336k per Zillow. I do not have a mortgage on it. I'm trying to find a lender to do a DSCR on it for 70 LTV. Rents per zillow would be $1919. My insurance is $120 per month.
Is this deal possible?
How did you find this deal and how did you negotiate it?
friend
How did you finance this deal?
n/a
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#2 Private Lending & Conventional Mortgage Advice Contributor
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Quote from @Tekoa Glover:
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $5
Cash invested: $5
I have a 3 bds 3bth home with 1958 sqft, valued at $336k per Zillow. I do not have a mortgage on it. I'm trying to find a lender to do a DSCR on it for 70 LTV. Rents per zillow would be $1919. My insurance is $120 per month.
Is this deal possible?
How did you find this deal and how did you negotiate it?
friend
How did you finance this deal?
n/a
Hi Tekoa,
When was the property bought? You bought it for $5?
- Erik Estrada
- [email protected]
- 818-269-7983
