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6 September 2024 | 64 replies
I have been at this site from very early on and watched it change over the decades.I would not say a BP convention has no value.
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5 September 2024 | 6 replies
Fannie Mae's reduction of the down payment requirement for 2-4 units to just 5% for conventional is a game changer and has allowed house hacking to be more attainable.
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6 September 2024 | 6 replies
I’ve been involved in both conventional and reverse 1031 exchanges in different states.
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4 September 2024 | 10 replies
What is the process like for refinancing a hard money loan into a conventional loan?Â
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7 September 2024 | 11 replies
Without a clean title this property will not qualify for a conventional mortgage. 3.
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7 September 2024 | 85 replies
The financing is different however as you have to use non-recourse loans, which aren't as favorable terms as the conventional loans, but it still allows you to leverage to continually invest! Â
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5 September 2024 | 4 replies
These loans allow buyers to purchase a property “AS IS, WHERE IS”.Renovation loans are available in 30, 20- and 15-year fixed rate terms and can be used to purchase owner occupied, second home and investment properties.By time the renovations are completed, the home needs to be in move-in, live-in condition and conceptually ready to be resold without repair issues.Other Important Items to Know about “Conventional” Renovation LoansMaximum – Minimum Purchase/Upgrade Amounts:Maximum: Limited to 75% of the “after improved” valueOccupancy: Primary, Second Homes, Investment PropertiesRenovation Term:The renovation term for this program is a maximum of 180 days.The Borrower(s) is responsible for the work being completed within the escrow period.
4 September 2024 | 4 replies
@Kyle Rucker- thanks ....you will have a tough time locating a 2nd loan for 180K + ....Ask the realtor you are working with for options ...Make sure that the lender holding the FHA loan will be able to approve your assumption request ( this can be a long drawn out step ) .....if you do find a 2nd mtg - compare the fha loan and 2nd mtg to a simple new FHA or conventional loan as there may not be a large differenceÂ
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4 September 2024 | 1 reply
This is a business model that I could very easily and quickly set up and get running.Despite the upsides of conventional rental property investing, there are several massive advantages of converting rental properties to notes.I'd like to know if this is something y'all think I could pursue with my company?
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8 September 2024 | 101 replies
My life as a low C-class landlord is milk and cookies every day, chocolates when it rains and flowers when it doesn't.