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8 January 2025 | 22 replies
.- You should consider some other lenders.
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17 January 2025 | 6 replies
However, you must know that I am neither a real estate agent nor am I a lender.
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6 January 2025 | 7 replies
DSCR Loans - Both Purchase and Cash Out Loans- Investors typically use these on the cash out portion of the BRRRR Strategy - Minimum Downpayment, usually 20% but some lenders offer 15% down - Max LTV on Refinances, typically 75%, but some lenders will do 80% - Minimum Title seasoning (since the property was purchased and recorded on county records) is 90 days, although some lenders have no seasoning at all as long as you can show rehab work completed. - 30 year fixed terms - Usually have a Prepayment Penalty from 1-5 years, although you can price out a 0 PPP for a higher rate or fee- Minimum Credit score is 650 usually, although you could do a lower LTV loan at 620.
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14 January 2025 | 21 replies
Mortgage Broker/ Bank/ Hard Money Lender – Someone that has experience working with other investors.
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9 January 2025 | 9 replies
If multiple states you will want a regional or countrywide lender. 3.
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6 January 2025 | 3 replies
They are much more reasonable and are more intertwined in a community than some lender states away.
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11 February 2025 | 1681 replies
If using a lender this is a non issue.
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7 January 2025 | 5 replies
@Ritu MahajanBuild a solid local team, including contractors, property managers, and lenders experienced with BRRRR.
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10 January 2025 | 7 replies
This team consists of an Investor Focused Agent, Lender, Contractor, and PM.Read this article on the "core 4".