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17 September 2024 | 1 reply
I have ALSO heard its not about timing the market rather time IN the market, so this is where a SFH could potentially be "easier" to find.Im constantly in a headspace where I tell myself I have to get really creative to finance a MFH or come in with a 5% conventional loan and fixing a MFH to force appreciation although cash flow may not be there the first year or two.
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19 September 2024 | 10 replies
Financing options include conventional loans, hard money loans, FHA or VA loans, and property management.
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18 September 2024 | 3 replies
Roughly a 1300 profit after taxes etc etc. last year was a down year due to evictions and remodeling. this home is on a conventional loan.
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17 September 2024 | 0 replies
Cash and conventional mortgage How did you add value to the deal?
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17 September 2024 | 12 replies
Inventory continues to increase and people are getting desperate to get out.
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15 September 2024 | 0 replies
Market in a MinuteEast Tennessee home sales increased 5.2% from the previous month, and increased 9.3% from a year ago.The median sale price was $374,950 — up 7.13% from the previous year.Total housing inventory increased from the previous year – up 43.2% from a year ago.Half of the homes sold were under contract in 15 days or less, up from 9 days a year ago.44.61% of homes sold for the asking price or above, with 23.72% selling for more than the asking price. 10.32% sold for at least $10,000 over asking and 4% sold for at least $25,000 over asking.The sale-to-list price ratio decreased from last month to 98% – down from 98.6% a year ago.New construction represented 13.28% of total home sales.If you want to nerd out on the market here I'm always happy to chat.
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16 September 2024 | 1 reply
You won't be able to use conventional financing and must use a non-recourse loan which typically require 40% down.
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17 September 2024 | 6 replies
You’ll likely qualify for better interest rates and lower down payments with a conventional loan in your personal name.
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16 September 2024 | 11 replies
My lender said it would be best to go with DSCR instead of conventional loan.