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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!
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27 January 2025 | 2 replies
After the initial inspection we sent a response to the inspection asking for $21,500 in seller credits to cover the roof and furnace (both needed replaced).
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29 January 2025 | 24 replies
You can look into switching to a local credit union or portfolio lender, as they tend to be more flexible with regional policies.
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23 January 2025 | 14 replies
i am in the Tampa area and specialize in STRs.
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27 January 2025 | 2 replies
Hi Jerrell, The best option for trying to get a HELOC on a property would be to check with local credit unions.
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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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26 January 2025 | 1 reply
Improve your credit and financials so lenders are willing to take a chance on you.
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29 January 2025 | 11 replies
Your choice should align with whether your goal is quick resale or long-term rental income, and you should consult lenders who specialize in both DSCR and rehab-friendly options.Best regards, Stevan
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24 January 2025 | 8 replies
Take into consideration that when the person you gifted the property to will have special tax considerations as well