
9 December 2024 | 24 replies
I have heard that interest rates for a DSCR loan are generally 1-2% higher than conventional loans depending on the LTV ratio and credit score.

7 December 2024 | 35 replies
Lenders have different loan capacity at any point in time; they might not announce that they aren’t making a certain type of loan right when you need it; they’ll take your application but either delay you to death or find an obscure reason to decline the loan4.

5 December 2024 | 4 replies
Yes, you should be fine to place a tenant as long as you’ve already submitted your application for the lead certification and are just waiting for it to process.

10 December 2024 | 5 replies
And even if the due on sale wasn't enforced you would be dependent on them making payments to the bank.

11 December 2024 | 8 replies
Depending on how upscale your finishes really were, you could have that built in this market for 300 to 325 per square foot fairly easily right now.

10 December 2024 | 2 replies
How much detail are you wanting:In Renovations, this can be anywhere from $30k to $500k, depending on properties needs, scope of work, scale of finishes, access to labor, etc.

4 December 2024 | 6 replies
LOC's can have negative effects on your future purchasing power if not set up correctly and keeping in mind you can "never" use an LOC as a reserve or asset.It will always be a debt burden and can over inflate your back end debt ratios depending on the W2 income and your liabilities.

10 December 2024 | 2 replies
you probably know this but - there are holding costs associated with most flips - interest on the loan, insurance, and sometimes others depending on the localityhope this helps

11 December 2024 | 37 replies
I would call it more of a B area, depending on what area you're looking in.