If you're looking at a property that needs rehab - look into a fix & flip loan.

Yes it does exist, but on loan amounts $1 mil or more for a Freddie Mac SBL loan.

Hello all, my wife and I purchased a property with a FHA 203K loan.

For example: the hard money lenders that I work with will analyze and appraise a property themselves before loaning out money.

VA loans of course being an exception!

To address this, we agreed that I would work in the business for six months to verify the financials, which so far align with his POS system.My main issue is that at 23, I don't have strong financials to get a conventional loan at 75% LTV with a ~7% rate, and the seller's lack of financials complicates bank approval.

I paid the loan off in full earlier this year and am now under contract to sell, with the closing date upon us.

@Martin Yip Toll SoTypically only homes assumable are VA loans which you would not qualify for

I have one property that I bought last year for $475kCurrent value is $520kInterest rate 6.75%loan amount is $352,000 (I put 25% down when I bought it)Monthly P/I escrow is $2680Rents for $2400im debating putting 100k on the loan and recasting it. this will lower the payment roughly $650 a month and will make it cash flow.

Some articles indicate that as many as 42% of those who actively use the BNPL purchase option are either behind in their payment or behind in other payments for other obligations.Even though this is not something being reported to credit agencies, it could be something that starts popping up on loan applications as the amount of "phantom debt" in the system continues to grow.