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28 January 2025 | 15 replies
Like I mentioned to Eliott, I'm very young and I can't get a loan.
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29 January 2025 | 4 replies
To fund your next deal, explore conventional loans (15-25% down), FHA loans (3.5% down for house hacking), DSCR loans (based on rental income), or HELOC/cash-out refinance if you have equity.
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23 January 2025 | 7 replies
With one small exception on VA loans, there is no getting around the due on sale clause.
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2 February 2025 | 9 replies
Further context, I have zero debt, high 700s credit score, one other investment property here locally. 175k in cash available, looking to do DSCR loans or cash and then refinance.Peoria, Illinois- Great need for lower income housing, market appears to have many options.Lawton, Oklahoma- Looking only at extremely cheap properties, as it seems it’s not terribly hard to find renters.
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23 January 2025 | 1 reply
Also, with a VA assumable, if the one assuming the loan is not a veteran, then the seller (veteran) entitlement will still be tied up in that property.
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7 January 2025 | 20 replies
You typically need up to two years of stable employment before a bank will loan to you.
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24 January 2025 | 6 replies
Doing so will seperate your investments from your personal assets and protect you from liability. also, one thing you may not know is that you cannot get a conventional loan with an LLC.
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23 January 2025 | 8 replies
@Chinku Chinku how is paying the loan balance down going to help you reach your goals?
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7 February 2025 | 7 replies
I believe the investor may need a commercial loan at that point or could do 3 separate loans since they are on different parcels.
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8 January 2025 | 0 replies
Our combined efforts made the property appealing to buyers, leading to a successful sale at $99,000.