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15 October 2024 | 6 replies
What credit score do you think tenants qualifying for government assistance will have?
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15 October 2024 | 21 replies
Always ask for an LE and a rate sheet if the lender can provide it without pulling your credit.
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15 October 2024 | 4 replies
If your property doesn't have a mortgage, you can either get one or get a commercial line of credit.
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17 October 2024 | 10 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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15 October 2024 | 14 replies
I have had this goal of buying my first duplex and have talked to real estate investors, realtors, lenders, appraisers and have been encouraged so much to where I am anxious to dive into this.Now that I am 18 I have absolutely no debt, a credit score of 727, I have 28k sitting in a certificate of deposit, a couple years of working consistently under my belt, I’ve also been investing in my Roth IRA, I feel very blessed to be in this situation.I am still in high school, I know it wouldn’t be smart to buy a house right now but something in me is so anxious to buy this house I know I have to have patience but I don’t know if I should start the process of getting pre approved, finding a good investor friendly realtor, lender, preparing my documents or if I should just wait.When analyzing deals in my market I have crystal clear real estate deal criteria my strategy is house hacking a duplex, price range of 500,000-600,00 in Salt lake, Utah!
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14 October 2024 | 2 replies
Do, you have any other higher interest debts for example a credit card?
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16 October 2024 | 21 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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14 October 2024 | 2 replies
Your line of credit is based on collateral.
18 October 2024 | 34 replies
To do this I found you need (1) local type lender that keeps notes in their portfolio, (2) good credit and track record, and (3) leverage at 50% or less.
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16 October 2024 | 6 replies
You can set up a succession plan within the LLC, making it easier for your beneficiaries to take over or distribute your assets as planned.Streamlined Financing: DSCR loans can be more flexible than conventional loans since they focus on the property’s cash flow rather than your personal income or credit.