Anthony Miller
Aspiring Residential Investor
7 January 2025 | 11 replies
Start small, refine your process, and use your network to connect with local investors and seasoned professionals for guidance.Good luck!
Jack Townsend
One Brokerage BRRRR Loans
6 January 2025 | 7 replies
DSCR Loans - Both Purchase and Cash Out Loans- Investors typically use these on the cash out portion of the BRRRR Strategy - Minimum Downpayment, usually 20% but some lenders offer 15% down - Max LTV on Refinances, typically 75%, but some lenders will do 80% - Minimum Title seasoning (since the property was purchased and recorded on county records) is 90 days, although some lenders have no seasoning at all as long as you can show rehab work completed. - 30 year fixed terms - Usually have a Prepayment Penalty from 1-5 years, although you can price out a 0 PPP for a higher rate or fee- Minimum Credit score is 650 usually, although you could do a lower LTV loan at 620.
Jamie Parker
Multifamily Analysis out of state.
6 January 2025 | 8 replies
LIHTC eligible, opportunity zone, STR eligible, property management in the area….Pretty decent list. didn't know where to start so I figured I would ask the more seasoned of the bunch.
Roman Stefaniw
Arms length Mortgages/Private Lending
14 January 2025 | 15 replies
It's been a few years since I last updated the list of providers (there are older threads on this topic here on BP), but at last blush there were five trust companies offering the ability to write and service mortgages from registered accounts:B2B BankCanada Western TrustOlympia TrustEastern TrustCommunity Trust CompanyOf these, Canada Western and Olympia has the best offerings at the time.
Jonathan Bombaci
Investment Condos [Calc Review] Help me analyze this deal for my Kids Future!
2 January 2025 | 3 replies
@Matthew Becker Thanks for the advice and yeah I intend to get them out into the units more as they get older.
Account Closed
Will a seller financed deal show up on buyers credit or considered on debt to income?
14 January 2025 | 7 replies
A couple of our cash flowing properties do not yet count towards income because they are not fully seasoned.
Monish Anand
Bloomington, IL from California - should I invest?
11 December 2024 | 5 replies
Currently, I'm only qualifying off $80K of income so it doesn't help me qualify for a lot.It looks like Snow Removal is about $700-$1000 for a full season?
Meghan McCollum
Looking for Insight Into Duluth, MN
27 December 2024 | 20 replies
He is a seasoned investor and very well-versed in REI.
Bryant Xavier
STR vacancy ideas
27 December 2024 | 8 replies
We own and manage two and one is particularly difficult during the shoulder (slow) seasons.
Dillon Seal
Long Time Lurker
12 January 2025 | 5 replies
I am keen to learn from the experiences of seasoned professionals and collaborate with fellow investors who share a passion for real estate.