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5 December 2024 | 34 replies
Facebook won't allow me to report her unless I am connected with her which I cannot because she blocked me.
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3 December 2024 | 1 reply
You are allowed to ask the applicant questions.
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5 December 2024 | 4 replies
To get this amount through a cash-out refinance at 80% LTV, the home value must be at least $453,800 after one year.Based on your report your ARV right after reno is $425,000Add a 8% home appreciation for one year $34,000Estimated Home Value After 1 Year:$459,000Assuming a refinance after 12 months with a property value of $459,000: New Home Value (Post-Appreciation): $459,000 New Mortgage Amount (80% LTV): $367,200 Existing Debt Balance after 12 months: -$360,000 (because you have been paying interest only) Assuming Bank fees on New Mortgage: - $200 Cash Pulled Out: $7,001, allowing you to recover to pay only 7k on your initial investment of $29,790, leaving $ $22,789 in the deal.Many new investors mistakenly believe the BRRRR strategy ends after the cash-out.
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3 December 2024 | 0 replies
always allow the market to tell you how much a home is worth instead of going with what you think a house is worth Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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2 December 2024 | 4 replies
Are you allowed to lease the unit?
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3 December 2024 | 2 replies
But by putting the properties into the business name you can avoid having the debt reported to personal credit so long as the funding lenders servicing company allows for it.
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13 December 2024 | 35 replies
- I would select a market that allows you to purchase a cheap (under $150,000) single-family in a C+ or better market.
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8 December 2024 | 26 replies
Foreign national loans allow people outside of the US to purchase properties here, and they can be done as a DSCR loan, meaning they don't require employment history, income or DTI.
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5 December 2024 | 7 replies
Refinancing next year would likely allow you to lock in a potentially lower rate than the 8% you're currently at, especially if the market conditions continue to favor lower rates.Avoid Duplicate Fees: You're right in thinking about avoiding duplicate fees for the refinance and HELOC.
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2 December 2024 | 2 replies
Major drawback was the starter plan did not allow you to customize a lease.Avail had very basic functionality and was missing features such as income verification.They all require a fee for ACH and Credit/Debit, but Inaggo and TurboTenant allow for offline payments such as Venmo, PayPal, and Zelle.