Private money How did you add value to the deal?

Hello, I have a two-unit SFH (first floor unit & second floor unit which share a main entrance but have separate private entrances once inside the house), located in California (I know...).

Your strategy with an FHA house hack is to live there for a year and then cash out refi into a conventional with the appreciation and do it again with an FHA on a new one.Keep saving and earning and meet real-life investors.

I have great credit, killer salary, and a bunch saved up but still can't afford a 20% down payment on anything over 600k. 

If you see something and want to report it privately, send me a DM. 

Does anyone have a sample HML or PML form that you have used that you can share?

Hi Everyone,I've been saving up and now have over $150k in liquid funds.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

General goal I see with most buyers is to generate a cash flow return, build equity, and have tax savings.

hi guys,I have saved a 20% downpayment a property but struggling to save the remaining 65K for fixing the property up.Example, the property cost 150K, I saved up 35k, but struggling to save up an additional 65K to do the rehab (my understanding the lender will not give me the rehab money right away, I have to pay my own money to start rehabbing and the lender then will reimburse me in stages the rehab portion)Correct?