24 April 2024 | 7 replies
The reason this is preferred is because your group-home rents will be much higher than the long-term market rent on a 1007 appraisal.Answer: Nearly all residential 1-4 unit DSCR loan programs will utilize the lesser of 1007 market rents and in-place rents.
23 April 2024 | 0 replies
looking for the most user friendly app / platform
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24 April 2024 | 9 replies
It requires more effort but can significantly accelerate your portfolio growth.Down Payment Assistance Programs: If upfront cash is a concern, look into down payment assistance programs.
24 April 2024 | 5 replies
As to taking advantage of novice investors, only a very small percent of people who buy ANY real estate investment program at any price ever start trying to put it into practice.
24 April 2024 | 5 replies
Asking is $200K, my relative (buyer) looking to put 20% down.He is pre-approved for the amount, lender has prepared both a conventional loan and a mass housing loan option for first time buyers.Would be purchasing as an owner occupied "primary residence", rates are decent under both options.Condo is currently rented, tenant lease expires the end of August - roughly 4 months.Lender says both loan programs require buyer to occupy the unit within 60 days, to qualify for first time buyer deals.Is there a way to get them to extend this to 120 days (4 months) until the tenant lease is up?
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26 April 2024 | 45 replies
For the record, I'm a real estate agent but I keep myself informed of the different lending programs out there so that I can pass that knowledge on to my clients.
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24 April 2024 | 5 replies
The CMHA payment standard refers to the maximum amount that the Cleveland Metropolitan Housing Authority (CMHA) is willing to subsidize for housing assistance programs, such as the Housing Choice Voucher (Section 8) program.
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26 April 2024 | 21 replies
If you need to improve your credit score, we can introduce you to a credit repair program we work with.Concerned about qualifying?
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21 April 2024 | 25 replies
I am very familiar with the NACA program.
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24 April 2024 | 5 replies
What is the cost of the program?