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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.
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15 January 2025 | 49 replies
and also, should I be recording the owner finance loan in any other place besides the properties tab?
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11 January 2025 | 1 reply
They close hundreds of loans a month and charge you for any hold up on their end.
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10 January 2025 | 1 reply
Want to get a loan for $250k in AZ
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11 January 2025 | 1 reply
They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.
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7 January 2025 | 8 replies
@Kyle Trotman If you purchased with a hard money loan conventional lenders will require extensive seasoning to utilize the new appraised value for cash out.
9 January 2025 | 0 replies
Such deductions could result in substantial refunds, providing critical financial support during a challenging time.Residents may also explore disaster loans or grants offered by the Small Business Administration (SBA) to cover damages or losses.
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9 January 2025 | 9 replies
I am hoping to make connections to learn more about this market, which neighborhoods to focus on, as well as learn some pro tips as I begin my investing journey.To note, I have begun the loan pre-approval process and have a dedicated agent that is eager to find me a great property.
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13 January 2025 | 6 replies
If you plan on holding, it's then a much easier task to roll it into a DSCR loan.
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17 January 2025 | 22 replies
You can bypass the longer seasoning requirement with a debt service loan.