India H.
203k Rehab Loan & Down Payment Assistance
24 January 2025 | 3 replies
The lenders that offer the 203k renovation loan are telling me that DPA cannot be used with it and this is in Ohio.
Yolanda Mestas
anyone have experience with 212 Loans in Texas
22 January 2025 | 14 replies
has anyone had positive/negative results in dealing with a company called 212 Loans?
Bruce D. Kowal
What REALLY Triggers IRS Attention in Real Estate Partnerships - From An Onlooker
29 January 2025 | 6 replies
Businesses with tons of cash: bars, check cashing, payday lenders, casinos, car washes, vending etc.Then the return's contents are analyzed using the Discriminate Function standards.
Courtney Dettlinger
Should I use home equity loan & how
22 January 2025 | 1 reply
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall loss.
Zhenyang Jin
Will personal DTI impact underwriting of commercial loan for 6-units multifamily
27 January 2025 | 9 replies
Regarding borrow's DTI, Chase thinks that this item is not that important.I wonder will my high DTI impact the loan underwriting?
Sri R.
Multifamily Groundup Construction loan
14 January 2025 | 4 replies
Quote from @Sri Reddy: We are a team who are venturing in to constructing a multifamily unit from groundup.We don't have any prior experience in construction and are looking for financing loan options.
Jill Young
85% LTV Loan for one property with 3 STRs in Texas
27 January 2025 | 10 replies
I also have personal W2 income, if that matters.Is there a loan out there for a set-up like this at 15% down?
Kayla Elliott
What is the best loan strategy for this buy and hold?
23 January 2025 | 6 replies
Should your mom pass away before you, the loan could not be called due,
Ofir R.
50K Cash, DSCR loan, where?
26 January 2025 | 3 replies
With $50K and a DSCR loan, your budget will likely cap at properties in the $150K-$170K range, depending on the closing costs and any repairs needed.
Mary Holland
Has anyone here gone through the application process for DSCR loans?
28 January 2025 | 5 replies
DSCR loans won't use your income to underwrite the loan.