All Forum Posts by: Cody Cavenaugh

Hello, i'm looking to get a loan for an investment property in dallas but can't go the traditional route due to too high of a DTI and being a business owner. Any recommendations on how to get funds for property? Currently thinking a DSCR or Private money lender would be best bet. Also if your a private money lender or do DSCR please reach out to me, as I am extremely interested. Thanks

Hey y'all, I am looking at purchasing my third home and would like advice on getting a loan. This will be my 3rd house and I just closed on my second back in March a few weeks ago. For the previous 2 homes I own, I had my parents cosign the loan and that's how I got approval for each of loans, 1st primary residence in 2021 and 2nd in 2024. I would like to get a house up in Dallas as investment home/secondary home for work. I own a business doing about 20K a month but that won't qualify me for a loan due to the timeframe of my business, and my parent's cosign won't help with their DTI ratio after I purchased this second property. I think my only option would be a private money lender, does anybody have any thoughts? I would be looking to put down about 20-25% for this new property as I have saved with my bank. Happy to hear any thoughts, and thank you!

Hey y'all I got a house under contract for purchase. 20% down payment and I need a loan officer for a loan in Waco Texas. 780 credit score and good DTI. Any recommendations or places to look at? Thanks

Hi, I'm a new wholesaler and want to learn how to calculate ARV and learn how to value homes. Can somebody help explain how to learn my market, repair costs and how to properly value a home? This is my biggest thing I'm currently struggling with via wholesaling. Thanks

Hi, I'm a real estate investor wanting to learn more about creative financing. Can somebody explain the different between subject to via the seller and seller financing? Also can y'all list when too use each loan via different scenario's? The pros and cons? thanks 

Everything listed is great. I would add the idea of adding carpet to the rooms, this prevents parties being thrown inside. 

Hi, I'm a 20 year old real estate investor. I have purchased my first property last year and plan on purchasing my second later this year. I'm considering getting my real estate license in order to get 3% off purchase price of properties, and tax advantages. I don't plan on selling homes as a realtor, but am considering getting it for tax breaks and 3% purchase price of properties. What would y'all recommend? I plan on becoming a big time investor but being a realtor and selling homes that way doesn't interest me. 

 Hi, please elaborate on this. can you explain the process it took you to get to where you have popped who will loan you 100% value? Also can you explain how you would use hard money? I'm a college kid who has 20K and one property purchased last year. Im trying to buy my second property this year. 

What are the pros and cons of the FHA 3.5% loan versus the conventional 5% loan? I have good credit, and ideally want the lowest payment per month possible. Planning on doing a 30 year

Hi I heard that when purchasing a multi family unit that if you have a co-signer they have to live there within one of the units, is this true? I’m a college student and wanted to buy a duplex or a fourplex and gage my dad co-sign because I have no income. What are y’all’s thoughts? Is this possible for multi family?