Rate is at least single digits.

Been working with Lima One, but their rates seem very high considering low LTV and this being an asset-based portfolio loan for a 5/1 ARM. 

Been working with Lima One, but their rates seem very high considering low LTV and this being an asset-based portfolio loan for a 5/1 ARM. 

This is why I am always armed when making house visits, especially when there's eviction notice involved.

@Thomas Welker if you’re using a small bank on say a 5/1 arm just ask them if they can put it in an llc with a personal guarantee.

I'm not a huge fan of the psychological impact of this as you get a big lump of money and it tends to make us feel 'we need to invest this ASAP' - which isn't optimal IMO.The above I'm told will often work under the traditional 'retail' arm of most banks. 

Real estate investing is a pretty forgiving world and the average person can still make money even with some pretty big mistakes.Buckle in, keep your arms and legs in at all times, and enjoy the ride!

Welcome to my series on purchasing a home and using your VA Benefits.I am George Freelove a Marine Veterans and real estate professional / consultant.I have over 40 years of experience in the home building, mortgage and real estate world.Purchasing a home is a very important decision and a big undertaking in any one’s life.Most people only choose to purchase a few homes over their life time.My goal is to make sure that you are well equipped and armed with up to date information for your big decision.Over the next few weeks we will discuss buying a home using your VA Benefits.The nitty gritty of the process, where to start, how to get a VA Loan finding the right mortgage lender, finding the right Realtor, finding the right home, what costs to expect, how does the process work, what can I expect from my Realtor, my Lender and the Seller.So let’s take this journey together!

How does double digit rate sounds to you?

My wife has a hair salon and has a digital sign that we advertise on.