All Forum Posts by: Jacob Sherman

more convenient and quickest . traditional financing isn't for every scenario .

Yes don't need the 3 days in a hud transaction 

The repairs very well may be but usually requested at the time the appraisal is received 

Brokerage accounts can be used for reserves 

If you choose to transfer funds they can be used as well . No seasoning required 

Loans usually take about 3 weeks to close on average 

In PA under 312K won't have a prepay but it does effect pricing for sure . There are some funds that will give a prepay on a PA under 312k . What is your scenario looking like ? 

Do you have a prepayment penalty ? 

Yes very common . Can be negotiated . It ultimately directly effects the pricing  

ive seen them lately into the 6's

What is the scenario looking like ? What type of property ? Including acquisition and construction ? 

You can do 15% down if the DSCR is 1.26 or greater . What is the scenario looking like ?

using a DSCR loan is the most convenient way . How does your credit look ?

Depends if they put it on your credit report and if it is in an llc and the llc pays for them for 12 months or more it can be excluded from the dti