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23 January 2025 | 8 replies
This will allow you to remove the person and do the financing on your own.Home Equity Loan/Line of Credit: Since you're looking to access equity, a home equity loan or line of credit (HELOC) can be a good option.
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5 February 2025 | 16 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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24 January 2025 | 5 replies
Although I've considered a future line of credit against the property as my best long term option, I would need to pay down the remaining balance first.
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15 January 2025 | 18 replies
Instead, you could explore pulling equity out through a home equity line of credit (HELOC) or a cash-out refinance.
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22 January 2025 | 3 replies
A couple issues with Credit/income on paper.
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22 January 2025 | 7 replies
.: Quote from @Jay Hinrichs: when I was buying notes I did not even run credit.. but I only paid 10 to 20 cents on the dollar.
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23 January 2025 | 1 reply
At it's basic level:Assumption: Asking the bank to turn the loan over to you and going through the normal underwriting process, credit, income, DTI ratio etc SubTo: Taking over the loan without telling the bank, no underwriting, no credit check, no income verificationBoth have risks, but it's not my intent to be detailed in this post.
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21 January 2025 | 10 replies
This allows entry without a key, and allows me to change the lock as needed if I don't want someone in there.As an agent, I provide contacts to my clients who will do these things, and occasionally I will do favors for past clients who need someone to open the door or quickly supervise an appointment; of course not all agents will do this or for free.
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21 January 2025 | 11 replies
You can go up to 6.75% and get 1 point credit towards the broker fee.
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23 January 2025 | 23 replies
Quote from @Zach Edelman: If you do a DSCR loan and vest it in an entity - you and your partner can both PG the note and it will report to neither of your credit reports, thus having no impact on your DTI!