Dave Schimmels
Investment for beginner
15 January 2025 | 6 replies
Most lenders I work with would lend you 70%-75% of the value of the property, but only so much that your NOI/profit is 20%-25% of the monthly loan payment.
Grant Shipman
How Co-Living Can Help You Get Started Earlier, Faster, & Better!
31 January 2025 | 2 replies
Co-living is how I went from renting a room, Delivering Dominos, no savings, and not being able to qualify for a loan to financial freedom & a $2M net worth in 15 months.
Colin Ford
BRRR long term buy and old for STR or long term rentals
12 January 2025 | 12 replies
Research the area's nuances, understand BRRRR financing strategy, network with local investors, analyze potential deals, use VA loans wisely, explore financing options, and network through investor groups.
Aubrey Brendle
Looking for International Lenders/Rental Income Analysts
11 January 2025 | 5 replies
Hi Aubrey,International lenders don't exist for real estate in that no lender in one country will give you a mortgage loan in another country.A good service to estimate revenue in Costa Rica or everywhere in the world for that matter is Aidna.
Celine Besson
Managing a renovation from afar
14 January 2025 | 6 replies
If you have bank loan (not an agency loan) or no mortgage at all, an LLC is certainly an option.
Jonathan Baptiste
What I learned after 1 year of house hacking
17 January 2025 | 11 replies
I would upgrade properties every 12-15 months as allowed by low down payment loans if my significant other wasn’t risk adverse and opposed to moving.
Peter Marriott
Problems with our Current Rental and Deciding Whether to Sell or Not
21 January 2025 | 2 replies
You have a decent loan on the place that you won't be able to replace from a cashflow standpoint.So keep at it.
Jennie Berger
Transactional Funding: ins and outs, ups and downs, seeking advice & insight!
8 January 2025 | 13 replies
I concur with @Joe Davis and do the same with my company, however I refer other loan types outside of Transactional Funding loans to others.
Steve NA
Financing MHP and other questions
28 January 2025 | 4 replies
We've worked with local banks and been able to finance the three we own without any issues.I don't necessarily know if it's "beginner" investor friendly but you'll learn everything you need in the bootcamp which is the gold standardWe get loans with 3-7 year balloons and 25 year amortization typically
Dean Parker
subject to purchase
16 January 2025 | 2 replies
Most mortgage companies will not call loan due if payments are current but you do run that risk and need to be prepared to payoff or refi at a moments notice.