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7 December 2024 | 1 reply
Is house hacking worth it solely to qualify for an FHA loan?
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6 December 2024 | 25 replies
@Kevin Rodriguezif you take out an owner occupant loan, then you do; talk to your loan officer for more details.
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4 December 2024 | 37 replies
7.75 % for refi out of hard money into 30year rental loan. 179k total loan including 25k cash out. 2 points.
8 December 2024 | 2 replies
Lauderdale, FL• North Palm Beach, FL• Plantation, FL• Pompano Beach, FLThese acquisitions were done creatively, assuming the existing loans via subject-to deals without inspections.
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6 December 2024 | 17 replies
My biggest tip is to save way more that you make and then buy a 2-4 unit building and use a 203k or homestyle renovation loan to do some rehab and add some instant equity.Also, Network as much as possible and get comfortable approach any one and asking lots of questions.
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5 December 2024 | 1 reply
Understand the basics of private lendingResearch real estate marketsDetermine your investment strategy and criteria for loans, including:- Amounts- Interest rates- Repayment termsCreate legal documents with a lawyerNetwork with real estate professionalsPerform due diligence on potential borrowers and their projectsBegin with smaller loans to gain experienceMonitor your investments closelyConsider joining a private lending group for additional resourcesStay informed about real estate trends, lending practices, and legal regulations
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3 December 2024 | 15 replies
Resources used in education on DSCR:https://www.biggerpockets.com/blog/dscr-loans-what-are-theyhttps://www.biggerpockets.com/blog/dscr-loans-terms-to-knowhttps://www.biggerpockets.com/blog/brrrr-loans-what-are-the-options-and-how-do-dscr-loans-stack-uphttps://www.biggerpockets.com/blog/eight-questions-and-answers-to-dcsr-loans?
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9 December 2024 | 3 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.I am also fully licensed for primary and secondary homes in Florida.We are all here to help you learn and grow.
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6 December 2024 | 0 replies
Rather than that, if a loan is called because the property underwent a condo conversion (apartments into condos) or subdivision process without the lenders awareness/approval, would they still be required to offer a preforeclosure period before being able to foreclose, as is the case for lack of payment?
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4 December 2024 | 17 replies
This is based off of the conventional loan limit where you are buying.