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14 January 2025 | 11 replies
I'd target areas near colleges or transit hubs for affordable properties, and I’d look into financing options like FHA loans or creative financing to make the most of my capital.
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8 January 2025 | 4 replies
Quote from @Nicholas Dillon: I read somewhere that you can request to have your mortgage insurance dropped once your Loan to Value reaches 80%.
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9 January 2025 | 2 replies
I am seeing a lot of movement on VA assumable loans.
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13 January 2025 | 0 replies
For example, if your house is worth $500,000 and you still owe $200,000 on your home loan, you have $300,000 in equity.
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16 January 2025 | 7 replies
Except that you will be required to get a loan for $200k or put another $200k from your pocket in to the deal.
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12 January 2025 | 2 replies
You would have to check the loan terms.
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8 January 2025 | 13 replies
I concur with @Joe Davis and do the same with my company, however I refer other loan types outside of Transactional Funding loans to others.
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8 January 2025 | 8 replies
It’s a bonus if the bank offering the HELOC also handles BRRR loans — they’ll be more flexible and accommodating when it’s time to pay off the HELOC with a new loan!
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8 January 2025 | 22 replies
The appraisal came in at $245K, but they are only loaning me 70% of the ARV.
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13 January 2025 | 4 replies
I focus heavily on the sell side and on the buy side only work with high net worth individuals so the newbie wanting a 400k multifamily with an FHA loan probably isn't for me.