
17 December 2024 | 2 replies
As far as capital, most investment loans would require you to do 20-25% on a SFH.

14 December 2024 | 0 replies
Many lessons have been learned firstly is you can’t be too nice or trusting and second is, don’t wait to figure out the refinance and cash out process and until you are almost done with rehabbing the property because currently going through a very lengthy, cash out refinance ordeal at the moment as I’m trying to get financing terms finalized as we speak.

18 December 2024 | 4 replies
The other thing is for commercial loans the brokers usually prefer it to be bigger.

17 December 2024 | 22 replies
During the Maverick Investment Group webinar, ABC Baltimore made the following guarantees that were also in our final contract with ABC Baltimore-1) If the rehab takes longer than 120 days, the seller (ABC Baltimore) will pay us a rental guarantee of $1400 per month.2) If the house after rehab is completed appraises for less than our total purchase price of $106,000 then the seller will buy the house back.Assured by these guarantees in the contract, we signed the contract for $106,000.

19 December 2024 | 3 replies
You can also double hack these if you have enough units and live in one unit and use one unit for your business, but of course that decreases your cash flow but increases your usability.You can also use an FHA loan to get a mixed-use property with only 3.5% down if the residential square footage if more than 50% of the total square footage.

18 December 2024 | 23 replies
Paid off my primary when it got down to 90K.... not a ton of loan left, so I just paid it off, but still had plenty of $$ to invest in other things...it didnt tap me dry to do it.Exactly.

19 December 2024 | 82 replies
If you and your family are willing to house hack and use either an FHA 203k or homestyle renovation loan, the path of least resistance with the lowest risk, in my opinion.If you didn't want to house hack you could try a live-in-flip with those same loan programs!

12 December 2024 | 19 replies
The price was 500k and we used a DSCR loan for the purchase.

10 December 2024 | 22 replies
Look for lenders that do "Portfolio Loans".Mike

17 December 2024 | 11 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.