James Dugan
Fannie Mae / FHA 203k lenders for DFW?
3 January 2025 | 9 replies
Apologies if I missed prior posts asking the same thingI want to take advantage of the low down payment requirement however need to find a lender supporting this loan type.Can you please provide any recommended lenders for Homestyle loans (or even 203k) that serve DFW?
Casey Wilson
Advice on strong Detroit Metro areas for rental property investing
16 January 2025 | 3 replies
And how much of a down payment do you have available to invest in the property?
Sino U.
Can you recommend a good lender for house hacking please?
15 January 2025 | 6 replies
As others have suggested, you could get a conventional or FHA loan if you want lower down payment options.
Haresh Patel
Anyone invested in PIC5 Car Wash fund?
12 January 2025 | 3 replies
I had specifically asked for numbers including mortgage payments and they emailed to me.
Joel Florek
31 units in 30 months at age 24, $70k Annual Cashflow
9 January 2025 | 116 replies
I ended up closing the line at 5.25%, interest only payments for 80% of what I paid for the deal.
Arshiya Taami
what are some well known firms that offer bridge loans?
27 December 2024 | 8 replies
They also want a priority lien on the property.It sounds like you are looking for someone to fund your down payment, I would be looking for an equity partner over debt as nobody likes to lend money in insecure positions, especially when a borrower lacks skin in the game.How much are you planning to come in with yourself?
Joseph Beilke
Costa Rica Info
11 January 2025 | 11 replies
We will either bring on another investor each year to make the yearly payment or we will just forgo the income payments to the partners and make the yearly house payments out of the cash flow if we just want to keep the property with only 7 investors.
Colleen A Levitt
DSCR out of a DSCR?
9 January 2025 | 15 replies
However you should consider if your loan has a Pre Payment Penalty.
Bob Asad
Wouldn't a Subject To Hold the Seller from Moving on?
2 January 2025 | 1 reply
I've been reading more about subject to and here's what I've learned:-Good for sellers who are off market-Have low to no equity-Have a mortgage with a low interest rate (less than 5%)-Be absentee or out of state (vacant property, or have a tenant)The buyer would then take over the mortgage payments, and have the seller sign the deed over to the buyer.
Fed Finjap
Reflecting on my first year house hacking a 3-flat in Chicago
2 January 2025 | 11 replies
Do you already have your next down payment ready and lender ready?