Jack Townsend
One Brokerage BRRRR Loans
6 January 2025 | 7 replies
DSCR Loans - Both Purchase and Cash Out Loans- Investors typically use these on the cash out portion of the BRRRR Strategy - Minimum Downpayment, usually 20% but some lenders offer 15% down - Max LTV on Refinances, typically 75%, but some lenders will do 80% - Minimum Title seasoning (since the property was purchased and recorded on county records) is 90 days, although some lenders have no seasoning at all as long as you can show rehab work completed. - 30 year fixed terms - Usually have a Prepayment Penalty from 1-5 years, although you can price out a 0 PPP for a higher rate or fee- Minimum Credit score is 650 usually, although you could do a lower LTV loan at 620.
Anthony Poulin
Starting a Long Term REI Business Starts Today! Lets go!!
22 January 2025 | 8 replies
All the best @Anthony Poulin
Collin Hays
I fired dynamic pricing today
2 February 2025 | 20 replies
One very powerful tool is the built in analytics and graphs that Vrbo has.
Kyle McVay
Looking for Property Management Rec.'s
20 January 2025 | 5 replies
@Kyle McVay I self-managed my first 5 units and then transferred all new units to a PM.
Paul Whitney
1031 Cash Flow investor
30 January 2025 | 7 replies
What will fit into your time and lifestyle?
Francisco Milan
Listing Agents Question: If you needed to get 5 listing this month .....
19 January 2025 | 2 replies
Those are spray and pray techniques that don't fit with sellers right now because sellers/owners are sitting on a very low rate and don't want to move to go up 4-5 points on their rate.Listings aren't a start now thing as well.
Zachary Kotiadis
*Using an FHA loan, can I move during the first year?*
17 January 2025 | 9 replies
HUD 4000.1 (I believe) is the latest HUD handbook and it goes over all requirements for originating the loan, including but not limited to occupancy requirements and exemptions.FHA occupancy : "At least one Borrower must occupy the Property within 60 Days of signing the security instrument and intend to continue occupancy for at least one year."
Martin Phinney
Moving Out of State - Should I Sell or Rent my House?
28 January 2025 | 9 replies
We're open to all strategies, buying, selling, renting, etc.
Akintunde Aboaba
Seeking Advice on Starting Real Estate Investment in 2025
22 January 2025 | 3 replies
I think you need to focus on one strategy first before you explore too many different options.
Riley Poppell
Condo Purchase in Lincoln Park
22 January 2025 | 2 replies
Was the condo a good size unit and in good condition?