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10 February 2025 | 62 replies
A cash out loan would have 6+ months typically and if it is a traditional loan it would be 12 months.A DSCR loan will not work for what you are trying to do.
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30 January 2025 | 8 replies
Just make sure to fully understand the loan terms, especially the interest rate and repayment schedule, so there are no surprises.2.Condition of the Property: If the property isn’t in really rough shape and you were able to get insurance on it using a 4-point inspection and wind mitigation, you might even qualify for traditional funding options like FHA, Conventinal, VA, a cash-out refinance or a home equity line of credit (HELOC).
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29 January 2025 | 21 replies
We are BRRRRing it and we’re originally going to rent traditionally, however we decided to look into it as an Airbnb, and when we put in current loan rates which will be near or at 7% when we are ready, we’d only cash flow about $150 a month 😱, but as an Airbnb our projections are around $1,300 cash in our pockets monthly. 💰 At this point is a no brainer 🧠 and we know if it doesn’t work out or we don’t like doing it we can always revert to a traditional rental.
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18 February 2025 | 21 replies
don't be afraid of better markets in ohio like columbus. depending on the capital allocation buying old houses and having to renovate is not the only way to drive value. build rent refinance repeat and build to rent are both very strong market drivers as well and you can traditionally get infill land in areas like columbus in much better locations than where you buy.
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31 January 2025 | 5 replies
It merely means you will likely have a difficult time refinancing the property to a traditional lending source.
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21 January 2025 | 15 replies
Once you do this conversion you can't change it back to a traditional long-term rental.
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1 February 2025 | 16 replies
Hard money loans typically have higher interest rates and shorter repayment terms than traditional mortgages.
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26 January 2025 | 5 replies
What would be my best approach, I assume find a private lender and work out some deal with them.All questions and answers will help thank you. private lender would be one option - also can you get traditional financing from a bank?
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8 February 2025 | 12 replies
Many brokers are open to part-time agents, especially those focusing on investing rather than traditional sales.
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27 January 2025 | 7 replies
If you don't want to put a single dollar down then you can just structure a 100% financing with the sellerHey Ko, it’s nice see you again.I’ve spoken with the seller and they want a 10% down.I think I’m going to wholesale this deal if I can get good terms, but every once in a while I come across a good deal that I would like to purchase as a buy and hold.what type of loans would you recommend for traditional buy and hold?