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19 July 2024 | 3 replies
I have enough cash on hand to purchase and cover renovations but im not sure if I should do that or conventional loan?
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22 July 2024 | 1 reply
Conventional mortgage What was the outcome?
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22 July 2024 | 17 replies
I answered an initial questionnaire on the website and there’s basic documentation required but it doesn’t appear to be nearly as extensive as the requirements for my conventional loans.
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22 July 2024 | 8 replies
I have a condo that the buyer is ready to put down 30% on, but the conventional lender declined due to the warrantability issues with the condo.
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23 July 2024 | 11 replies
., DSCR, conventional, etc.) makes sense and at what interest rate I need to make the numbers work.
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23 July 2024 | 28 replies
There is low inventory everywhere and regular home buyers are buying the homes to flip, pushing the prices way up.
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22 July 2024 | 8 replies
The biggest difference with DSCRs is usually 1) prepayment penalties 2) more points 3) an affidavit that you cannot occupy the property 4) covenants and agreements regarding the requirements and rights of the lender to protect/preserve the collateral that may be more aggressive than Conventional.
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21 July 2024 | 2 replies
I've heard that the down payment percentages for investment properties can be higher compared to primary residences.Specifically, I'm looking for insights on:The typical down payment percentages required by conventional lenders for investment properties.Any differences in requirements for single-family homes versus multi-unit properties.Experiences with different lenders and any recommendations for those offering favorable terms for investment properties.Any tips for negotiating better terms or finding lenders with more flexible down payment options.For context, this will be my second property, and I have a good credit score and a stable income.
23 July 2024 | 42 replies
For managing I dislike studio and 1 BR but they have best NOI for highest dollar at exit.3d printed structure are cheaper than conventional build and less prone to disasters.
22 July 2024 | 10 replies
For example, As long as you qualify (debt ratio, credit score) you can take out a conventional loan with just 5% down.