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20 January 2025 | 7 replies
Flipping it will take time if you have to sell.Plus a home like that doesn't lend itself to a LTR unless there is a demand for high end rentals.What I would like to see is some examples of what you are looking at along with basic numbers you have run so far.
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15 January 2025 | 4 replies
I’ve realized I need more passive options, and have moved to a syndication and private lending.
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26 January 2025 | 15 replies
Here are a few strategies to consider for funding a down payment:Partnering: Like Gregory mentioned, finding a partner who can contribute to the down payment in exchange for equity or a profit share is a solid option.HELOC or Cash-Out Refi: If you have equity in your home or another property, a home equity line of credit (HELOC) or cash-out refinance can provide the funds you need.Private Money: Reach out to friends, family, or private investors who may be interested in lending you the down payment with a promissory note.Seller Second: In some cases, the seller might agree to finance a portion of the down payment as a second mortgage.Live Frugally and Save: It takes time, but reducing expenses and setting aside funds from your income is a tried-and-true method.The right approach depends on your situation and deal structure, but a mix of creativity and resourcefulness can go a long way.
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13 January 2025 | 15 replies
Just like any aspect of real estate investing, non-consumer lending at a large scale is a relationship business.
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5 February 2025 | 69 replies
That's awesome yall are assisting with lending!
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21 January 2025 | 8 replies
These programs offer options for less money down and in some cases DPA - Down payment assistance.As a banker for over 18+ years I am very skeptical when I hear a new name in the business only because its become tougher to lend with all of the new laws and credit/insurance requirements and regulations.
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2 January 2025 | 3 replies
I just closed a DSCR loan on a Duplex with Total Quality Lending.
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8 February 2025 | 42 replies
This person can then get you set up with a builder, if necessary, lending, Insurance, and property management.
3 January 2025 | 8 replies
Yeah make sure to thoroughly conduct background checks on private institutions you lend from.
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20 January 2025 | 37 replies
Establish an emergency fund and target stable long-term rentals or short-term rentals in markets you understand.House hacking or private lending can offer alternative entry points depending on your risk tolerance and hands-on involvement.