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10 February 2025 | 10 replies
Yeah, I just did a loan for an investor in the North Tahoe area and the insurance was wild, a lot of that is only going to qualify for Cal FAIR unfortunately due to wildfire risk.
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6 February 2025 | 9 replies
I'd need the interest rate to be roughly 5% to breakeven on an interest-only loan, and was considering a balloon payment in 5-7 years.
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28 January 2025 | 8 replies
@Jon Ankenbauer you won't be able to keep the land separate from any future construction loan.
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10 February 2025 | 6 replies
Financing and Exit Strategies MatterMany house hackers use FHA or low-down-payment conventional loans.
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7 February 2025 | 8 replies
Use your W-2 income to qualify for multiple loans now, stack a few properties before quitting your job, and consider BRRRR or DSCR loans later to scale.
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3 January 2025 | 7 replies
Often, lenders will not act until the differential between current interest rates and the interest rate on the subject loan reaches a certain point.
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10 February 2025 | 4 replies
That will be a big factor with regards to whether you can qualify for a DSCR loan or not.
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28 January 2025 | 6 replies
The LLC is irrelevant unless you are paying cash or getting a DSCR loan.
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8 February 2025 | 2 replies
I'm in the Atlanta market, and with hard money loan fees and agent fees (5.5%), I've found it extremely challenging to find a profitable flip.