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14 February 2025 | 24 replies
Working with a mortgage broker that specializes in DSCR loans will help you find better rates and programs such as lower DSCR ratios such as a DSCR 1 ratio for better terms versus needing a 1.2 or 1.25 DSCR ratio (more on that below).
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6 February 2025 | 2 replies
Seller financed loans where there was no downpayment- See #2 above as typically seller financed have lower rates, longer terms and higher LTV.
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31 January 2025 | 22 replies
The only other option would be to get a coborrower to bring the down payment or get seller financing with a lower down payment.
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29 January 2025 | 7 replies
But if you're comfortable with rougher areas, then you can definitely find properties at lower prices.
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2 February 2025 | 10 replies
Not to mention staff, I’d check on the number required to stay up to ratio throughout the day, night ratio is likely lower than day ratio.
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11 February 2025 | 5 replies
I got 800+ credit and great mortgage offers so only reason im doing this seller financing idea is that its lower monthly cost
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11 February 2025 | 4 replies
The result is typically less loan proceeds, lower rate, worse terms, etc.
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26 January 2025 | 2 replies
Or we gradually perform high-quality updates for a live-in flip, then roll the equity into a new home.Regarding rental income, we aim to boost income, lower our effective tax rate by generating more low tax-drag income with rental income (since there’s not much we can do to lower out W2 tax bills) and have retirement cash flow.To compare the financial impact over 10-20 years, we want to analyze renting versus flipping.
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27 January 2025 | 15 replies
If you are willing to entertain areas outside Gainesville, you should look into areas like South Fulton, Forest Park ( lots of lower priced inventory) Jonesboro, and College Park to name a few.
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1 February 2025 | 5 replies
I'd recommend starting with the lower hanging fruit than a large basement reno - if your comps are close but don't quite get you to your number.Finishing the basement (with proper egress) could push you over the top, but confirm with an appraiser first to ensure it counts.