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14 November 2024 | 22 replies
You are buying a primary residence so should be able to take advantage of an FHA backed loan.
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23 November 2024 | 2 replies
Investment Info:Small multi-family (2-4 units) private money loan investment.
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25 November 2024 | 4 replies
You also need about 20-30% down on land loans so keep that in mind!
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20 November 2024 | 11 replies
Looks like you’re asking for a private loan at 6% interest.
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24 November 2024 | 27 replies
But be carefull , again, they are dificult to finance or obtain a loan , usually private loans are more expensive and they have higher interest rates . hope this help!
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22 November 2024 | 4 replies
If I am in your shoes I would buy 2-4 units, get a conventional loan, ask the sellers to pay for the max contribution (3%) towards closing costs.
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21 November 2024 | 6 replies
There was enough cash flow that I creatively used a 3rd mortgage to help fund the 20% down on the first two loans.
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5 December 2024 | 554 replies
However one could take a loan out on it and not pay taxes is what some seem to do.
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13 November 2024 | 34 replies
More info on DSCR loans: DSCR loans won't use your income to underwrite the loan.
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14 November 2024 | 11 replies
BUT, If you do not plan on refinancing your loan in 1-5 years, then you could get better pricing on a DSCR loan.