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All Forum Posts by: Ron Kim

Ron Kim has started 2 posts and replied 4 times.

Classifieds

Post: Seeking DSCR loan in Cleveland

Ron KimPosted
  • Posts 4
  • Votes 7

I appreciate all the replies as they give me insight. The neighborhood is a cash flowing area with solid rental demand but it is an f grade on crime grades. I'm looking for a lender and property managers experienced with dealing in these areas.

0 Votes
Classifieds

Post: Seeking DSCR loan in Cleveland

Ron KimPosted
  • Posts 4
  • Votes 7

I'm eyeing a property 65k for my first rental investment and I have 25% down payment. It is already generating 900/month with updated electrical and clean interior.

2 Votes
Classifieds

Post: Seeking DSCR loan in Cleveland

Ron KimPosted
  • Posts 4
  • Votes 7

I'm eyeing a property 65k for my first rental investment and I have 25% down payment. It is already generating 900/month with updated electrical and clean interior.

5 Votes
Cleveland, Ohio
Starting Out

Post: Brrrr Method with FHA Loan & 203k on Multifamily

Ron KimPosted
  • Posts 4
  • Votes 7
Quote from @Misti DelMar:

Hi, I could use a Pros' advice.

I'm looking to get an FHA Loan on my first property and buy a duplex, triplex or 4-plex with the 203k construction loan to renovate.

Can I still refinance after I get renters in with the FHA loan? Essentially still making the Brrrr method work with this type of loan?

Thanks! :)


 Hi, first post here

why would you want to refinance the 203k loan, would refinancing to the standard FHA mortgage reduce the interest rate or something?

0 Votes