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17 June 2024 | 4 replies
A daughter (if not BOTH) to put in it come May 2025.20% of $550k for a family with 2 college kids is a ton.But looming college loan debt from their housing is worse!
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18 June 2024 | 26 replies
Quote from @Robert Bell: I am a Loan Officer for Avalon Capital.
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17 June 2024 | 13 replies
Tell them that you're helping out the homeowner and have the funds to bring the loan current.
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17 June 2024 | 6 replies
With a 20% down loan, you are looking at a 750k property.
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18 June 2024 | 5 replies
Further, it will make it harder to get a new loan on a new property.
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17 June 2024 | 8 replies
Personally prefer SFR..Not sure about DFW but do have a realtor reference for you..be sure to budget for furniture and furnishings if not sold turn-key..a seller concession is a great way to preserve capital for MTR or STR's..check in with @Joseph Chiofalo for an investor friendly lender..he's excellent at helping structure loan programs for investments.
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18 June 2024 | 53 replies
Also I would be curious to know if when franchising through and established brand if a business loan would be more suitable than a CRE loan.
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17 June 2024 | 9 replies
You would need to put the home in oyur name which could have tax consequences then you are getting a loan to buy an asset which most likely will not cash flow.
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14 June 2024 | 7 replies
Good morning, can I get a personal loan as a down payment for an investment property?
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17 June 2024 | 2 replies
I can connect you with one of my Loan Officers and we could look into this more deeply for you.