All Forum Posts by: Stephen Duncan

Yes single family home, credit score in the 780+

Im making offers to buy my first deal, the thing im seeing come up is the rate im getting on the loan. What rate should i expect for a conventional loan? Im in SC with not perfect but great credit and debt to income ratio. On a 160k-225k property I got a quote for 5-5.5% should i push back on this? what is everyone else seeing? what should i fight to get? 

My questions for the group is what are the best ways if any to put less down when adding to rental portfolio. The brrr method would allow me to get my money back out and repeat but if im looking at houses that need moderate repairs and will be ready to rent right out of the gate. I want to make a move on a few properties but everything im being told says i have to put down 25% which would limit my expansion to only one and maybe two at a time and then would tie that money up for years before i could refi and pull it out for the next. Let me know what you think.