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17 June 2024 | 9 replies
We no issues closing in an LLC, as a matter of fact most of my lenders will prefer it (assuming it is not your primary residence)Assuming it is not your primary residence, the easiest way to do this deal would be through a DSCR Loans.A DSCR Loan will use current rents or market rents if the property is vacant and personal tax return from you would NOT be required.It also referred to as a No Ratio Loan because your personal Debt To Income is not important.What is important is that the property can pay for itself.If we keep the LTV Low the rate for this loan can be better than a conventional loan.If you ARE Living in the property and you want to keep it... it would mostly depend on how motivated you are and how willing you'd be to "postpone gratification"The best bet is still a DSCR Loan.. which means you moving and renting the property out.We can bring in Asset Based Financing that can help with cash down (if you need it) or to pay cash for another property for you to reside in.Once you're moved out we can do the DSCR Loan at a 70% - 80% LTV or we can calculate a comfortable cash flow number.For example, max cash out that will give you $500 cashflow after a full PITI payment.Let's discuss more!
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17 June 2024 | 9 replies
I've heard good things about Oklahoma, but it is very far from CA and I personally wouldn't bet on very speculative developments across the country.
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17 June 2024 | 6 replies
Personally, my investment funds will be targeted elsewhere for the foreseeable future.
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17 June 2024 | 19 replies
I am the kind of person who loves finding deals and am quite good at it but don't have the capital.
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16 June 2024 | 14 replies
I'm especially intrigued with the Office Hours, and that he apparently personally coaches you through RE strategies/challenges.
16 June 2024 | 4 replies
Personally, my husband and I have only purchased new construction (both for investments and personal homes).
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17 June 2024 | 8 replies
"Blocking the market" only occurs in the commerical insurance world - not personal lines.2.
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17 June 2024 | 8 replies
This makes it easier to count on the income for your personal budgeting.
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17 June 2024 | 11 replies
If you find one who has rental properties and has first hand experience that can be VERY helpful.The conflict of interest is a common question, but really a non-issue if you consider the size of the market and how many properties an agent can buy.My team and I work with a lot of investors and yes I personally buy a handful of properties every year, but there are about 30,000 transactions every year in Milwaukee.
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16 June 2024 | 1 reply
I have personally not worked on any of these but it does not seem to be anything too crazy.It's an FHA Loan that can be combined with other FHA products like a 203k.I am a Loan Officer for "Correspondent Lender" so I can operate under the rules of over 100 lenders...I would be able to place this in a few hours with 1 email...We would just have to make sure all the boxes are checked...Energy Efficient Improvements Must Be Cost-EffectiveThe financed portion of an Energy Package must be cost-effective.