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6 December 2024 | 11 replies
There are very few OGs around.3. education- I joined Jan 2024.
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11 December 2024 | 10 replies
Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained
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9 December 2024 | 12 replies
Can anyone suggest training videos, books, or other resources that would help educate me on the topic?
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7 December 2024 | 14 replies
In my experience, most of the online calculators are just taking an educated guess for you.
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7 December 2024 | 1 reply
Education standards must be raised so that students actually use their heads for something besides hat racks (allowing them to actually earn a living) and have ready access to birth control (all types of) so that some mistake doesn’t derail one’s entire life.Slow down immigration, too.
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11 December 2024 | 68 replies
However, it won't be that appealing to a cash investor unless he/she wants to incorporate you into their proprietary system.
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17 December 2024 | 86 replies
Additionally, investing in real estate education and seeking mentorship can enhance your understanding of various strategies and market dynamics.Creative Financing:Exploring creative financing options, such as seller financing, lease options, or partnerships, is another avenue to consider.
7 December 2024 | 4 replies
You need to educate the seller that with the rates so high right now, a reasonable investor can't pay 2022 prices.
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6 December 2024 | 21 replies
I think you need a little more education and a mindset shift.Real estate investing is a fairly simple process.
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5 December 2024 | 2 replies
If you plan on buying these properties using a mortgage its also best to begin the pre approval process and work with an investor friendly lender to help guide and educate you what the best product might be for your projects to make sure you dont already max out your borrowing power after the first deal.