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14 December 2024 | 6 replies
From there, it's normal DTI/Credit/Cash assessment for the new loan to determine whether you can afford the loan.
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11 December 2024 | 7 replies
Real estate investors do not get lines of credit from a bank.
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16 December 2024 | 5 replies
If the house is listed as-is, there won’t be much room for negotiation (ie. seller concessions/credits), but you can offer a price that factors in the rehab components.
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11 December 2024 | 13 replies
They are also the same individuals who are constantly involved in conflict, have terrible loss run histories and therefore higher insurance premiums and are paying far more on legal.
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17 December 2024 | 9 replies
Credit score. references..
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17 December 2024 | 12 replies
Cash flowing well on every SFH and small multi family deal I've done in Upstate NY, even with my first having an interest rate above 10% due to what my credit was.
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11 December 2024 | 6 replies
If you can qualify with your income, DTI and employment history, conventional may offer better terms.
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21 December 2024 | 7 replies
One pssible workaround might be exploring smaller community banks or credit unions.
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14 December 2024 | 4 replies
I usually work with my local credit union where I have developed a relationship over the years.
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7 December 2024 | 15 replies
You only need a place to track tenant information, payment history, maintenance, etc.