27 May 2024 | 14 replies
You turn the equity into cash via cash-out refinancing, or via selling a property.
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27 May 2024 | 11 replies
Couple options that might be viable for you (I don't know all of your circumstances)- BRRRR into a DSCR by creating equity; partner closely with a lender before starting on this to cover seasoning and other requirements - also this will only work for an investment property, not a primary- bank statement loan/1099 loan may work if you can put at least 10% down and want a primary residence - will depend on how you're operating and a few other variables- seller financing; find a seller willing to carry a note for a few years- co-borrower; someone with decent income and credit who will be on the loan with you- DSCR purchase; be prepared to put down at least 75% or your rate/pricing will be horrible (70% is better); many lenders will have experience requirements; investment property only- find a private lender willing to fund the loan you need- get a salaried job relevant to your college coursework; your fico is strong and you have some cash, so househacking could be within reach via Fannie/Freddie multifamily purchase; get a solid workup from a competent lender before going this route as employment history will be touchy with this routeHard money can be used for an acquisition and rehab, but make sure your takeout financing plan is bulletproof before getting hard money.I'm originally from Baton Rouge.
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26 May 2024 | 7 replies
I have spoken to someone via FB about my rental and they answered my pre screening questions well.
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26 May 2024 | 45 replies
Also do you have a map/boundary of the Daytona area where they do allow STR?
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23 May 2024 | 4 replies
I just git done talking to an agent and she asked me to send my offer via email for her to relay to the seller.
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26 May 2024 | 14 replies
The listings were either sent directly to me and other commercial brokers via email mail or listed on LoopNet.
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25 May 2024 | 3 replies
I have been told that mice can still come from the other homes connected to mine, via bitting through the firewall, and make entry again.
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25 May 2024 | 2 replies
If our agent pays him via checks and bills us at closing, does this have any +ve or -ve impact on the taxes?
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24 May 2024 | 1 reply
I'm particularly passionate about building wealth via real estate investment.Outside of real estate, I enjoy being out in the nature ..
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25 May 2024 | 3 replies
To the degree, one is realistic, the probability of finding a replacement property increase.Say you want to sell a fourplex to trade into and buy via 1031 a 20 unit apartment building.And the market cap rate is 6% but you want to buy something that offers a 6.5% cap rate, you probably won’t be able to find it.