The amount of tribal knowledge required was significant.

As @Jay Hinrichssaid, the underwriters are usually more confused and take a longer time, but the loan officer should at least be able to get you a quote for 30 fixed on your primary.

Realistically I know that we have built into our assumptions that there will be a certain amount of days in our properties that we will not be able to bill for (and we are well below that number), yet I still worry.

I was determined and wanted something that I could sustain for the long term for my family's livelihood and control the effort I put in and the results I got from that effort.I specialize in sourcing properties for fix and flip investors nationwide (wholesaling, but with real-world experience and closed profitable deals for myself and my investor partners) with a roadmap to acquire rental properties as finances permit.A lot of our deals are currently coming through organic search as I have a background in substantial traffic generation through search engine optimization and organic means.

@Helen OkoyeWelcome to the community and be ready for a huge amount of information at your finger tips.

The house is under $100k which our agent says it's harder to get a loan on this amount.

However, rates have since moved upward.A 30-year fixed rate mortgage is once again sitting around 7% interest:The real estate industry hoped 2024 would see a recovery in which mortgage rates fell and home sales climbed.

Floor Plan CreatorPlatform: AndroidFeatures:Allows you to create detailed 2D and 3D floor plans.Supports laser measurer input for accurate measurements.You can enter exterior walls, fix them in place, and add rooms within.Offers automatic calculations for perimeters, rooms, and walls.Bonus: Plans can be exported to various formats for further editing on Windows2.

The DSCR ratio is calculated by taking the rental amount (either from a lease or the 1007 page of an appraisal) divided by the new monthly PITI mortgage.

The huge amount of logistics employment here is a huge driver to a stable rental community that a lot of investors have been turned on to.