
5 July 2024 | 11 replies
I'll echo the above comment - most DSCR products should work here if the financials of the deal are good.

2 July 2024 | 10 replies
I'm not endorsing his products, or encouraging anyone to buy anything, just making information available to fellow board members that may be in the same predicament I am (trying to learn about a process that is very complicated; is county and state specific; and information is not readily available on the internet without weeding through scammers, or high-priced gurus... or individually calling each county treasurer's office...I also came across a website: **********This is a searchable database/auction platform with both tax liens (under financial instruments) and tax deed auctions, with a calendar of upcoming auctions.

7 July 2024 | 89 replies
number of tax parcels, number of physical buildings?

4 July 2024 | 6 replies
Some of these, like brokerages such as Schwab and Fidelity, limit you to only the products they sell.

5 July 2024 | 19 replies
You would of course not deplete all of your cash reserves on the down payment in order to service the monthly debt payment and carrying costs, but this should give you an idea of what you can accomplish now if the time is right.Many hard money products offer 100% funding for rehab costs so you would not need to save for this portion of the BRRRR project.

3 July 2024 | 40 replies
ANYWAY, I AM STILL CONFUSED AS TO WHY THE TINY HOMES HERE IN AMERICA ARE 75% MORE EXPENSIVE FOR THE SAME EXAACT PRODUCT.

3 July 2024 | 3 replies
Alternatively, look into renovation-specific loans like the Fannie Mae HomeStyle Renovation or FHA 203K loans as standalone products for rehab costs.FHA 203K LoanPros:Low Down Payment & Bundled Costs: This loan simplifies the process by combining the purchase and rehab costs into one mortgage.Cons:Interest Rate & Refinance Requirement: Higher interest rates and the need for refinancing could reduce your overall return on investment.Fannie Mae HomeStyle Renovation LoanPros:Bundled Costs: Like the FHA 203K, this loan combines purchase and renovation costs, simplifying the process.Cons:Interest Rate & Refinance Requirement: Similar to the FHA 203K loan, the need for refinancing to extract equity and convert to an investment property might add to your costs.I am a loan officer so I have some expertise in this area.

2 July 2024 | 0 replies
Keep them coming!

3 July 2024 | 5 replies
The NC Secretary of State has what they call an eNotary, but "the process maintains the traditional safeguards of requiring the eNotary and the signer to be in the same physical location and for the identity of the signer to be verified by the eNotary."

2 July 2024 | 7 replies
Welcome to BP.If you intend to use a VA backed product, it must be for your primary residence.