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28 January 2025 | 6 replies
The LLC is irrelevant unless you are paying cash or getting a DSCR loan.
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13 January 2025 | 31 replies
Security systems are easily outsmarted, that’s the point of the initial visit, to case the joint.
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28 January 2025 | 13 replies
It’s all about securing the right agreements and understanding the rules.
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5 February 2025 | 5 replies
Maintenance/cap ex, insurance, if a rental PM, bookkeeping, misc.The fact you have a loan means 1) leverage 2) equity pay down.In addition, there are tax benefits.So I will do some rough underwriting as an OO non-rental at 95% LTV (because FHA has some undesired consequences that make the 1.5% difference in LTV worth avoiding the FHA).equity paydown: 20% (using OP interest rate at 95% LTV and not counting closing costs).
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11 February 2025 | 5 replies
Last minute they changed the deal to a mortgagee loan and cut the SOW from $65,000 to $40,000.
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25 January 2025 | 12 replies
What really matters is how long you think you will have this loan.
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30 January 2025 | 19 replies
Yes, very interested in investing and would love to own a few multi family properties, here in state.My immediate goal , so far, is finding investors to secure my proposed properties.What's your strategies?
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9 February 2025 | 33 replies
If you have any loan questions feel free to reach out.
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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.
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12 February 2025 | 0 replies
I know that with a conventional loan, I could put as little as 10% down if it's classified as a second home rather than an investment property.