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27 December 2024 | 34 replies
Or you can try and lease option it, but be sure to mentor your tenant all the way to get pre-approved, otherwise you have an 80% chnace they won't be able to buy it.
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14 December 2024 | 6 replies
Many investors switch over to these loans once they have a few properties (typically 5 on average, but you are right there in the typical fashion for property number 4)Check out these series of articles on the loan topic published on BP as well for all you need to know about this option!
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16 December 2024 | 18 replies
If you want to fill your property with residents sourced from the companies above, imagine being the overworked, relatively low-level employee tasked with finding the appropriate housing ASAP.
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16 December 2024 | 11 replies
Quote from @Stevan Stojakovic: Given that your property isn’t a primary residence, a cash-out refinance is likely your best option to access equity.
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16 December 2024 | 7 replies
DSCR cash outs will allow you up to 75% with reasonable rates and 80LTV with higher rate options, but only for SFH rentals.
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18 December 2024 | 12 replies
Closing Costs – Remember to factor in refi fees and how long you plan to hold the property to determine if refinancing will save you money overall.Since you mentioned owning the property for only a year, your equity might still be limited, impacting your options or leading to higher costs.
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16 December 2024 | 21 replies
I like being an option to a wider pool of guests.
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21 December 2024 | 20 replies
I see a couple of interesting options on Loopnet.
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14 December 2024 | 8 replies
My overall goal is to become a mortgage broker as I like the idea of having all lenders as an option and working for my self.I really appreciate the help!
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10 December 2024 | 25 replies
I'm hoping to broaden my real estate literacy and savvy, as well as learn how to source, evaluate, and secure sponsors and deals that meet my financial goals.