Jared Schott
Seller Financing possibilities for phoenix AZ
18 June 2024 | 7 replies
Most homes for sale on the MLS are not looking to go with seller financing, in my experience usually you get those types of offers from the seller looking for buyers that want seller financing which is few and far between.I think your best bet here could be to offer sub2 but even that is a far stretch.
Alejandro Monroy Reyes
Looking to invest in real state in Houston suburbs (Katy, Sugar Land)
18 June 2024 | 9 replies
Even up 1464 or Hwy 6 - it's cheap, but I wouldn't make a bet on those areas and school districts.
Fawaz Sabha
Mexico, where in mexico to start investing in realstate
19 June 2024 | 6 replies
Mind you, there are signs but you can bet people in the know aren't going to share it and create a competition for themselves so you'll generally be on your own on this one.9.
Nicholas Petrozzi
What Type of Investment Property Should I Buy
18 June 2024 | 11 replies
As someone else mentioned I think that Househacking a multi family is your best bet and the recommendation I give to everyone looking to get started or even someone looking to buy their first home.House hack is the easiest barrier to entry becasue your cost for downpayment can be as little as 3.5% FHA or 5% conventional, and you usually get the best rates as a primary residence borrower.
Hoshang Hafizi
First time multi-unit buyer needs advice
17 June 2024 | 7 replies
Your best bet is to talk with the zoning department and let them know the situation.
Kinnari Pandya
Oklahoma City For Real Estate Investment?
17 June 2024 | 9 replies
I've heard good things about Oklahoma, but it is very far from CA and I personally wouldn't bet on very speculative developments across the country.
Samuel Noel
Multi-use property in need of refinancing
16 June 2024 | 7 replies
I think your best bet is to go with a Correspondent Lender like we are because we can get you multiple offers to ensure you get the best rates and terms available for your scenario.The best lender is going to depend on the qualifications of the borrower, the property and tenant type as well as some of the specifics of the lending scenario.For the Borrower:1.
Edgar Gonzalez
Using Home Equity for Real Estate Investment
17 June 2024 | 9 replies
We no issues closing in an LLC, as a matter of fact most of my lenders will prefer it (assuming it is not your primary residence)Assuming it is not your primary residence, the easiest way to do this deal would be through a DSCR Loans.A DSCR Loan will use current rents or market rents if the property is vacant and personal tax return from you would NOT be required.It also referred to as a No Ratio Loan because your personal Debt To Income is not important.What is important is that the property can pay for itself.If we keep the LTV Low the rate for this loan can be better than a conventional loan.If you ARE Living in the property and you want to keep it... it would mostly depend on how motivated you are and how willing you'd be to "postpone gratification"The best bet is still a DSCR Loan.. which means you moving and renting the property out.We can bring in Asset Based Financing that can help with cash down (if you need it) or to pay cash for another property for you to reside in.Once you're moved out we can do the DSCR Loan at a 70% - 80% LTV or we can calculate a comfortable cash flow number.For example, max cash out that will give you $500 cashflow after a full PITI payment.Let's discuss more!
Robin Simon
What Are Current DSCR Loan Rates? Key Market Movers and How to Track Rates
18 June 2024 | 0 replies
For example, a 10% return (or reward) can be worth the risk if you are investing in a Class A single-family rental in a great market with an A+ tenant, but not worth the risk at all if betting on a 16-seed to make it to the Final Four in March Madness.Investors in mortgage bonds utilize the risk-and-reward framework when allocating how to invest capital.
Neil Warren
Hard money for down payment
16 June 2024 | 2 replies
You could bring an equity partner in or find a gator lender which is super high interest but your best bet is to save up