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Results (10,000+)
Franky Na Canadian looking for mortgage options for US property purchase options
17 December 2024 | 3 replies
They are farily easy and do nto require much to get started and the Max LTV is going to be 75% but I have seen some exceptions to 80%.Rates are subject to a few thing like loan amount, property type, number of units, credit score and downpayment.DSCR allows you to purchase with No employment and No tax returns so its a little easier. 
Justin Jefferson Can someone guide me through the first step of analysis
22 December 2024 | 8 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.
William Vreeland Section 8 Indianapolis
21 December 2024 | 6 replies
The demand for market rate is good.
Chris Berezansky Rental and Utility Data Request for Data Science Capstone Project
17 December 2024 | 1 reply
The goal is to determine whether the government accurately adjusts DoD Basic Allowance for Housing (BAH) rates and to develop a predictive model to calculate possible future BAH rates for specific locations.We have pulled rental data from Zillow and historical BAH rates from the DoD.
Jay B. Dominion Financial Company
18 December 2024 | 16 replies
I couldn’t tell you what rates are today but I assume they are competitive.
Stuart Bartle Ready to invest in first property rental
18 December 2024 | 24 replies
There are some markets here growing at rapid rates
Robert Jackson Spec Build - How to finance?
18 December 2024 | 6 replies
Hopefully as the rates and the housing market loosens so will some of these guidelines in the HML programs. from talking to hard money funds especially those who operate in more than 10 states, and 5 years of experience with underwriting teams, I'd actually disagree and say new construction is preferred to rehab due to experience level to enter the market. there's BP lenders that will do 15% LTC with 1-2 new build experience.
Dan Sundberg Advice on running numbers in Michigan/Grand Rapids
13 December 2024 | 7 replies
I went to school in Michigan and worked in GR for several years, so I'm fairly familiar with the areas, but not as an investor.
Raul Fernandez Jr What would you do in my scenario. Looking to purchase second property as investment.
17 December 2024 | 3 replies
I am locked into a 30-year loan with a 2.8% interest rate, so refinancing doesn't make sense given the current high-interest rates.
A.J. Zunino Trying to understand the risks involved with cash out refinancing
16 December 2024 | 3 replies
The more you pull out the higher the rate.