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20 July 2024 | 29 replies
Each piece is a pricing add.Location, unit type/number/style/mid rise/single story, mortgage middle FICO, Down payment percent, prepay type, 3 points - no points, market rents, property good to perfect condition, rented at close with verification, reserves, vesting is real person or single LLC are the pieces that deliver a rate at a moment in time.
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20 July 2024 | 2 replies
Just make sure to ask the seller for the current lease agreements as part of your terms and conditions.
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20 July 2024 | 5 replies
Any new loan will most probably condition for an explanation for the inquiry; my guess is this wont go over well with the new lender.
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22 July 2024 | 19 replies
Experience is one factor that some investors may require as a condition, but overall, you can get a DSCR loan with healthy credit and reserves.
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20 July 2024 | 10 replies
If you have no lates in the last 12 months and re-established credit meaning you have atleast 3 tradelines you have made ontime payments on for the last 12-24 months you may be eligible for VA financing with 580 min or lower scores depending on the scenario.Most of the time these type of files with be a total cluster and require 30-40 conditions ranging from letters of explanation, additional documentation, and or other to close.
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20 July 2024 | 4 replies
The most powerful is simply keeping your properties in good condition, treating residents with respect, and following the law.
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19 July 2024 | 8 replies
Also include sewer scoping and an agreement from the seller that you are allowed to do modifications to the unit to allow the scope if you will pay to bring it back to previous condition.
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19 July 2024 | 3 replies
If the counter tops are in fine condition, then you can keep them and as time goes on maybe upgrade them.
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22 July 2024 | 71 replies
My parents conditioned me to be a great saver, but saving will not lead to financial independence in most cases.Once I understood my relationship, and used the savings to invest in an asset to pay for an event, everything changed.
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20 July 2024 | 14 replies
:) If you find a tri-plex for $160k, it will not be in the best area, but your concern will be the condition of the property and is it rented or rentable?