Brody Veilleux
House Hacking Combined with BRRRR
29 October 2024 | 24 replies
After that I plan on continuing to invest in MUP with a conventional loan or transition to SFH.
Rachel Seymour-Newton
Off Market Deals
24 October 2024 | 6 replies
However, it does demand solid digital marketing expertise to see positive results.
Derrick Sanford
Hello from the Midwest(Tulsa/Broken Arrow) and getting deeper into real estate.
23 October 2024 | 7 replies
I've been active in the Tulsa market since 2021, when I lived there for a year and a half as a digital nomad under the Tulsa Remote program.What's been your biggest obstacle to getting started?
Priscilla Chin
Should I buy in NYC or Florida?
30 October 2024 | 21 replies
Live where you want and invest where the numbers make the most sense.The benefit of living in NYC is that you hopefully make a nice salary compared to others in the country.This gives you a competitive advantage when you want to buy properties in other parts of the country.If you are investing in NYC, you are not investing for the cash-flow but the potential appreciation.I used to live in NYC(now I am a digital nomad) and I decided to invest in Florida.
Archie Barrett
How lenders typically calculate DTI
24 October 2024 | 16 replies
@Archie BarrettJust wanted to say that there are MANY reasons to consider a DSCR loan vs a conventional loan, not ONLY if you do not qualify for a conventional loan due to DTI.Possible DSCR Benefits:Can do cash out refi prior to 1 year seasoning of the mortgageCan do cash out refi with no seasoning of ownership (with some lenders)Can do a loan with much less paperwork (this comes more into play every time you add a property)Can close on a DSCR loan directly in your LLCCan have your DSCR loan not report on credit (depending on the lender)DSCR loans can be cheaper than conventional loans for many credit scores and down payments.
Brian Scott
Fannie Mae 5% down loan program for MF home purchase
25 October 2024 | 1 reply
I know some regular conventional investment property loan programs have certain rules about this but does Fannie Mae?
Brian Scott
PMI cancelation question
24 October 2024 | 12 replies
The chart you are referencing above is for a conventional loan, not FHA.Your only option would be to refi into a conventional loan to not have MIP on the new loan.
Cory M.
New Out of Area Investor
24 October 2024 | 16 replies
Conventional versus non-qm products have similar pricing, but restrictions on DTI and capped number of properties will limit how far one can go using conventional.
Haley Elisabeth
Sell our current business to start full-time flipping?
28 October 2024 | 30 replies
If the house takes longer to sell, we aren't losing money every month on interest payments and can hold for the right sell price.Cons:We lose our regular stable monthly income and have to rebuild again (we have done this before - this would be our 2nd "bootstrap, build, sell" business)We lose our 5 year history when it comes to conventional mortgages and moving into a new home for our own family in the next 2-4 yearsThoughts / recommendations?