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18 September 2024 | 15 replies
Assumptions:Credit 720Single Family Investment PropertyProperty Value: $120kAmount financed: $90k or 75% LTVNO Pre-Payment Penalty (not allowed in Ohio)DSCR Ratio 1.25+30 YR Fixed Rate DSCR:8.250% with $2475 in discount points.
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18 September 2024 | 2 replies
are you a licensed foreclosure consultant or just looking to buy properties pre foreclosure ??
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16 September 2024 | 7 replies
Yes, rates are high, but dollar for dollar there are many positive and cash flowing investments to be found, or...made.A tactic I've been utilizing for buyer(s) recently is the deployment of seller concessions in the form of seller(s) contributions towards buyer(s) closings costs, pre-paids or interest rate buy downs.
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27 September 2024 | 66 replies
And we found a great pre-finished lumber supplier for the siding and the tongue and groove that is saving us 10 to 15k a cabin depending on the size (and producing far better quality results in the finishes).It doesn't sound like much when you're looking at 300k to 500k builds.
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18 September 2024 | 3 replies
Consider low down payment options and get pre-approved for a mortgage.
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16 September 2024 | 4 replies
I like duplexes as well, yet part of the puzzle is incorporating the 3 affordable housing units (2 bedroom).
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17 September 2024 | 2 replies
By incorporating additional collateral to secure financing, investors can enhance their security, ensuring that the asset pool remains sufficient to stay within the desired CLTV range.
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20 September 2024 | 24 replies
@Shrikant Kakani- thanks ...if you dont need to use financing - disreagrd the following tip ..if you will need to use a loan to acquire your 1st investment property - I would recommend getting the formal loan pre approval step completed ..this is free and it will help answer many questions you have and help get you organized and prepared .
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21 September 2024 | 69 replies
I’m pre approved or have a line of credit in place.
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18 September 2024 | 9 replies
@Allen Zhu- thanks ..Try finding and working with a single agent for each sperate area you are considering ....if you are needing to use financing - get pre-approved before you begin looking - good luck