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30 January 2025 | 8 replies
Based on an inspection report on one of the deals I worked on last year, I was able to negotiate over $15k of credits and repairs for a $200k house using a $400 inspection report for one of my clients.
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12 January 2025 | 12 replies
@Stefano Vrolijk it all depends on your credit history, whether you have an SSN/ ITIN and how much you can put down.
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24 January 2025 | 6 replies
Leverage Local ResourcesEconomic Development Grants: Check with your city or county for grants or incentives aimed at affordable housing or community improvement projects.Local Banks or Credit Unions: They may be more flexible than larger financial institutions, especially if your project aligns with community needs.Partnership with Nonprofits: Collaborate with organizations interested in affordable housing or sustainable living.4.
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4 January 2025 | 5 replies
This ensures that any payout for damage or liability can be processed more smoothly, and it can help protect your interests if something happens on the property.
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28 January 2025 | 14 replies
There are also 'mezz' lenders (typically for larger transactions) who will cover up to 90% CLTV and require you to bring the remaining equity to the deal, and additionally there is Gap Funding in the form of unsecured personal debt.The latter can potentially be the most expensive option, but allows for true 100% financing as there are no restrictions for how to use these funds, as they are unsecured, and generally obtained through personal credit, income etc (since there is no collateral for obtaining these funds).
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3 February 2025 | 11 replies
(Available time, money, income, family situation, credit availability, time horizon, real estate market location and phase, medical situation, etc etc.)
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16 January 2025 | 0 replies
New construction, fully decked out on the design and amenities. purchase price 785K, 40K in seller credits, 120-140k gross rental projections What made you interested in investing in this type of deal?
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8 February 2025 | 22 replies
Save yourself the brain damage, clear it out, convert it back, discover a whole new class of tenant you can now get and enjoy the ride of eliminating 70% of the hassles this property delivers.
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16 January 2025 | 17 replies
And a few from 0% interest for a year credit card loans too.
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23 January 2025 | 7 replies
@David Naphy With a strong credit score you can do better than 8% on a DSCR based cash out refi today.