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11 December 2024 | 10 replies
Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained
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4 December 2024 | 32 replies
Now syndications have become a team sport intended to mislead.
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27 November 2024 | 3 replies
Rooming houses usually don't get to take advantage of sporting events, concerts, festivals that usually result in spikes in rental fees and more profits ( and glory) that AirBnb and other STRs get to.
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11 December 2024 | 13 replies
So while you may get several numbers for an individual, not all numbers will still be active for that person so the total accuracy rate will go down.
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7 December 2024 | 12 replies
I'm also in Chicago (like @Jonathan Klemm :), and am always looking to connect with more female RE investors, especially those who are actively doing, or aspiring to work on, fix & flips.
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13 December 2024 | 13 replies
You'll have less cash flow on the 200k but the absolute equity build will be faster.I'll also say that I don't actively avoid cash flow.
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7 December 2024 | 2 replies
(I have successfully won damages in every eviction I've handled so far, btw).Just letting everyone on here know what I suspect to be going on, so you can be on the lookout for this activity from some of your current and future tenants.
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10 December 2024 | 12 replies
I currently own two duplexes here in Columbus, Ohio, and I’m actively looking to expand my portfolio with additional multifamily properties.
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14 December 2024 | 36 replies
I don't require my agents to join NAR and in fact dropped my membership when I opened my own brokerage.If the situation made sense, I wouldn't necessarily require an agent to join MLS, but it's such a basic tool of the trade, I can't imagine someone who is active in the business going without it.
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17 December 2024 | 86 replies
Since you have no experience- network and find the most active fix and flip investors in Charlotte, Raleigh or Greensboro.