All Forum Posts by: Jarod Dural

Rates have been rising steadily in 2022, but many lenders are also rolling out very flexible loan options. To name a few that we've seen...

10% down P&L, Bank satement & 1099 loans up to $3,000,000 : these are products that require no tax returns to qualify, these can potentially provide much more leverage to  self employed buyers

3.5% down jumbo loans up to $1,500,000 with NO PMI. These are providing low down payment options , great options for high income low net worth buyers who are getting into the buying pool.

I/O, & ARM options, 40 year notes with ARM and I/O options are adding additional flexibility, great to increase cash flow, or affordability.

In todays hostile rate environment we're happy to see more flexible loan solutions surfacing for more buyers & investors.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $465,000
Cash invested: $75,000

Pending sale $465K Purchase price which included a $15K seller concession, invested $75K in renovations, we enjoyed the home after renovations were completed for a summer, and listed for $695K

We are currently in contract significantly above asking price, I will post further details after it closes.

Great potential monthly income from STR/AIR BNB

What made you interested in investing in this type of deal?

it had fix & hold potential, while being able to use it seasonally

How did you find this deal and how did you negotiate it?

realtors

How did you finance this deal?

convenitonal financing

How did you add value to the deal?

remodel/rennovations

What was the outcome?

in contract, hopefully closing with a nice profit in the next few weeks

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes, my mortgage company, and great realtors on both purchase & list side