John Winters
Is This Plan Financially Feasible? Northeast Multi-Family, then Move South?
27 January 2025 | 2 replies
THEN, I plan to purchase the second home using a FHA or conventional loan (3%-5% down), for which I will likely pay the monthly cost out-of-pocket, maybe with some rental income support if it is a duplex.My concern is, I do not want to spend my savings or weigh down my debt-to-income ratio so much so that I cannot qualify for and pay the down payment and closing for the lending on the second home.Questions: - With the first home being multi-family, 75% of the rental income (or potential rental income initially) will relatively either maintain or boost my debt-to-income ratio from lenders' perspectives, right?
Rami Refaeli
Hello from a Texas Flipper - Excited to Connect!
22 January 2025 | 11 replies
I suspect there's lots of inventory, particularly for new folks coming into the area that find the real estate prices are much better than where they came from.Do you have a type of house you like to target?
Steven Catudal
Investing in Alabama as out of state investor with a partner
15 January 2025 | 12 replies
For financing, would we then want to get a DSCR loan under the LLC or should we start with conventional loans under our name until we hit a certain number and then move them over?
John Friendas
LLC Mortgage Under Partner Instead of Me
23 January 2025 | 23 replies
If your partner does a conventional loan, you would sign allowing the mortgage to be recorded, but you do not need to sign as personal guarantee on the NOTE for a conventional loan either!
Hector Romero
Financing and Planning Additional Units (Young Investors)
13 January 2025 | 2 replies
If you update to max number of conventional units, you will be able to add an ADU for each conventional unit
Henry Clark
LA Fires Taxes and Insurance
14 January 2025 | 1 reply
Prior to clean up make an inventory even if burned.
Sean Gammons
How to buy two rentals in one year?
16 January 2025 | 17 replies
Also I've heard of some DSCR loans that are not too far off from conventional rates.
David Greig
Primary Residence/First Time Homebuyer
26 January 2025 | 0 replies
I financed this deal on a 30yr conventional loan and I put 11,000 down with a 6.625% interest rate.
Shayan Sameer
Seeking Advice on Fix/Flip Property Decision - Rent or Sell
28 January 2025 | 0 replies
Since it was over 12 months with my HML, I ended up taking the property under my name with a 30-year conventional loan.
Chris Cox
Long time learner - jumping in!
17 January 2025 | 7 replies
Have an owner's closet, where you lock up your extra inventory so the guests can't use it.