Jon Cave
Finding STR's that work with a mortgage
17 October 2024 | 26 replies
You would just qualify the deal with AirDNA projected income or use a STR1007 to qualify.
Account Closed
Breaking Down How Much Money You Need to Invest in Real Estate
21 October 2024 | 1 reply
But to qualify for the best mortgage rates, your score must be at least 740.A minimum loan-to-value ratio of 80%: Generally, lenders will loan up to 80% of the total loan amount.
Jake Barrutia
Allow full year prepaid rent?
17 October 2024 | 19 replies
Many bad renters will offer to pay extra up front as a means of avoiding your screening or skipping to the front of the line ahead of more-qualified applicants.
Jay Thomas
Multifamily Loan Option
17 October 2024 | 4 replies
Since your property has 7 units, it's unlikely you'll qualify for a conventional loan.- **Commercial Loans**: These are more suitable for larger multifamily properties like yours.
Joseph Fenner
How do I buy 10 rental properties in 1 year?
30 October 2024 | 94 replies
To double the value with a rehab would probably require buying a severely distressed property that would not qualify for an FHA loan. 3.
Dan DeGroff
Help! Seasonal Employee In Expensive Market Looking To Buy Primary Res Out of State
17 October 2024 | 9 replies
My question:Is there any way that I can get a Washington State property to qualify as my Primary Residence (PR) if my job supporting the loan is in Colorado?
Gregory Schwartz
DTI: How do different loans effect the debt side of DTI
18 October 2024 | 8 replies
Hi Gregory,Exceeding your DTI ratio can make it difficult to qualify for a conventional loan, but if you haven't considered DSCR loans, they could be a great alternative.
Andrew Montgomery
What creative financing method would you use in my situation?
20 October 2024 | 14 replies
Hey Andrew - if you want to leave your W2 now, you can still qualify for financing on deals.
Hemant Karira
Non-traditional ADU financing options?
16 October 2024 | 7 replies
Eventually we plan to rent the ADU for Medium or Long Term rental, and not sure if DSCR loan will qualify for such an arrangement.
Taylor Davila
Hard Money Lender and Down Payment
17 October 2024 | 14 replies
For example someone with no experience and 700+ credit may qualify for 85% of purchase and 85% of rehab.