17 July 2024 | 7 replies
Conventional financing requires 12 months of seasoning.

16 July 2024 | 0 replies
The borrower was overqualified, the property was cash flow positive, I approached a local lender and due to the strength of property and borrower they provided essentially conventional terms of 25% down on a 25 year amortization where as other investors could only consider the transaction as cash.

17 July 2024 | 2 replies
The majority of investors have utilized low down payment conventional mortgages, or DSCR loans and the majority were able to secure seller concessions between 1-3%.

16 July 2024 | 8 replies
I had been prepared to just get conventional financing. but if I need to go another route, does anyone have any suggestions?

18 July 2024 | 11 replies
One big advantage of this strategy is you can use conventional financing with a lower amount down as it will be your primary residence which also has a lower interest rate than an income property loan.On your question about buying section 8 rentals, I think this is also a good strategy to add to your portfolio and you can buy section 8 duplexes in Lansing, MI for around 100K and its a great rental and investment market.To your success!

17 July 2024 | 5 replies
These Sponsors tour the convention circuits and roll out robust social media brands to get their name out and raise funds from smaller investors.

16 July 2024 | 5 replies
There are some "no doc" loans out there that investors or other folks use, but the tradeoff is that the rate ends up being higher than conventional loans.

15 July 2024 | 7 replies
It has been a great rental with a fixed conventional mortgage rate, generating cash flow from day 1 and already gaining equity due to the increased value.

20 July 2024 | 59 replies
With a 20% down payment conventional at 20yr am I can barely break even with just PITI right now.

16 July 2024 | 26 replies
I may switch to a 5% conventional loan to avoid the risk of failing the self-sufficiency test.