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6 January 2025 | 17 replies
Quote from @Kody Smith: without getting too deep into my finances, what my strategy is...1. take loans to buy properties (leverage)2. fix/flip for day to day cash flow income3. use some of the fix/flip income to buy consistent cash flow through:- business acquisition, - commercial properties (MF and store fronts),I have no intention of doing ALL of the management myself, I will hire management as needed (medium term goal)my expected core role is money provider, evaluating the numbers, making decisions, and connecting with investors, wholesalers, lenders, contractors, and property owners.while I am just on step 2 of the journey, I am looking toward step 3 to stabilize, and not worry about if house prices drop mid project or not (or not worry as much) So to be fair this is more about obtaining and growing a real estate business not simply buying rentals for cashflow.
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2 January 2025 | 21 replies
@Zach Howard there are a few loan types here in the states for foreign nationals, some that require personal income verification and others that do not.
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2 January 2025 | 1 reply
I am using a dscr loan. what I cant understand, is why are my closing costs so high. above is the numbers on the refi.
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31 January 2025 | 121 replies
We're in a small town so we ask our bank loan officer who is involved in the community for a CPA reference.
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2 January 2025 | 4 replies
I would search for a property that has a low interest rate Fha or VA loan.
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3 January 2025 | 2 replies
Currently under contract for $552,000 with a conventional loan.
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9 January 2025 | 21 replies
Consider multi-family properties, cash flow properties, FHA loans, and online tools.
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4 January 2025 | 35 replies
I am already have a good lender that has pre-approved me with a DSCR loan so all I need is to find the right market to invest in!
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2 January 2025 | 2 replies
I would talk to some lenders getting land loans and development loans with no experience is next to impossible starting out..
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3 January 2025 | 3 replies
I am using a conventional FHA loan to acquire the property.