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10 December 2024 | 4 replies
Of course if rates go down, you should be good, if they go up, then have them rerun your payment amounts and purchase power so that you're good to go there.#3.
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10 December 2024 | 6 replies
Why do you need the RTO money for the down payment?
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11 December 2024 | 6 replies
Today most lenders will want 30-40% down payment.
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6 December 2024 | 4 replies
The BRRRR method and house flipping are both fantastic strategies, especially if you're resourceful and willing to put in the work.If you’re working with limited capital, partnering with others or exploring creative financing options like private money lenders or seller financing might be worth considering.
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7 December 2024 | 1 reply
In working on construction loan financing, the lender informed me I'll need to unencumber that portion of the property (makes sense) before closing on the construction loan.I understand there to be two methods generally speaking: refinancing my mortgage and removing that portion of the property in the process OR attaining a partial release from the lender to remove that land.I *strongly* want to avoid refinancing as I have an amazing rate, but partial releases seem complex and also require a survey.
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11 December 2024 | 34 replies
Quote from @Issa Joseph: The cost for the education and the year on mentorship is $8000 if you make 2 payments or $9000 if you pay in 3 payments. they have a guarantee that your units will outperform all other competitors in a set square mile radius of your property.
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10 December 2024 | 6 replies
Is an LTR with a $290k mortgage ($1900 payment).
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5 December 2024 | 6 replies
They typically have multiple origination points (meaning very high closing costs) very high rates (compared to conventional but also compared to 6 month or longer waiting period DSCR products) and almost always have VERY long pre-payment periods up to 5 years.
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15 December 2024 | 15 replies
Other than that, I'm not sure what to recommend except maybe team up with Lynnbrook for payments outside Airbnb.
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11 December 2024 | 3 replies
I have been saving for a down payment on a rental property.