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27 May 2024 | 11 replies
Couple options that might be viable for you (I don't know all of your circumstances)- BRRRR into a DSCR by creating equity; partner closely with a lender before starting on this to cover seasoning and other requirements - also this will only work for an investment property, not a primary- bank statement loan/1099 loan may work if you can put at least 10% down and want a primary residence - will depend on how you're operating and a few other variables- seller financing; find a seller willing to carry a note for a few years- co-borrower; someone with decent income and credit who will be on the loan with you- DSCR purchase; be prepared to put down at least 75% or your rate/pricing will be horrible (70% is better); many lenders will have experience requirements; investment property only- find a private lender willing to fund the loan you need- get a salaried job relevant to your college coursework; your fico is strong and you have some cash, so househacking could be within reach via Fannie/Freddie multifamily purchase; get a solid workup from a competent lender before going this route as employment history will be touchy with this routeHard money can be used for an acquisition and rehab, but make sure your takeout financing plan is bulletproof before getting hard money.I'm originally from Baton Rouge.
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27 May 2024 | 4 replies
Girl friend who is doing this with me has 750+ credit score and the higher paying job.
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27 May 2024 | 7 replies
I underwrote 500 deals this year so far and that's by far the best. it's also in a CRA which makes lending opportunities endless in miami
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26 May 2024 | 0 replies
The opportunities are endless and an investor can do a 1031 exchange in any city and any state in the US as long as its held for business or investment purposes.
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27 May 2024 | 1 reply
Job growth and economic development in the area, such as the establishment of new manufacturing centers, will further bolster housing demand.Mortgage Rates and AffordabilityMortgage rates, which have been at two-decade highs, are expected to stabilize and potentially decrease slightly due to anticipated federal rate cuts.
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26 May 2024 | 1 reply
.- Close to transit preferred- Close to jobs/shopping
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27 May 2024 | 22 replies
Maybe he's not tech savvy and has no idea there is no "hey thanks for paying we'll call you within 24-48 hours to get everything signed"My opinion: A lot of your concerns are typical in the land investing niche, but the owner of this company is not doing a good job explaining why things are the way they are.
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27 May 2024 | 9 replies
How else will you be able to possibly pursue collections without SSN, job & bank info?
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26 May 2024 | 3 replies
Hello, I have came across what I deem an excellent opportunity but for me being a rookie, I can not grasp structuring a plan together.
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24 May 2024 | 3 replies
Hello, I'm looking to diversify and hopefully build a portfolio of rental investment properties. I'm hoping to partner with an expert to buy, flip and rent my first multifamily property.