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23 July 2024 | 13 replies
You should look into DSCR Loans - many investors like yourself typically move to this loan product once they max out with DTI/qualifying conventionally - a bit higher in rate than conventional mortgages - but no DTI ratio or tax returns/income verification makes a much easier qualification process and LLCs are 100% ok (even as sole owner) and actually often preferred.PS - published a 10-part article series here on BP last year on everything you'd want to know on these loan types - sharing links below, hope it can help!
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23 July 2024 | 27 replies
Not a brand-new build but age-wise it's not even a teenager yet. :-)@Michael S.
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23 July 2024 | 8 replies
I bought my first place when I was your age and in grad school because it was cheaper to pay a mortgage than rent.
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20 July 2024 | 29 replies
@Javier Parra Garcia..not to hijack the thread, given the age of it, but wanted to respond here.
23 July 2024 | 42 replies
I think this is a modest goal, in this day and age.
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22 July 2024 | 2 replies
The repair costs will take multiple years to recoup and with the age of the property I'm concerned if it's even worth holding long term or get out while I can before I fall into a money pit and get stuck.
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22 July 2024 | 5 replies
Moreover, even if you decide to go the commercial route, given your age and current position, I still highly recommend the investment strategy of house hacking.
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22 July 2024 | 4 replies
Great job starting at such a young age.
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24 July 2024 | 46 replies
I wonder how it may work this day and age.
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22 July 2024 | 71 replies
I would have to radically change what I am doing to have a significant effect on that age (e.g. go from investing 1k a month to 5k/month).