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19 February 2024 | 4 replies
Then my credit union (BECU) whom I bank with but don't hold the mortgage with offered me one with no automatic withdrawal requirements.
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19 February 2024 | 7 replies
I am also extremely interested in Portfolio loans, but I have zero contacts dealing with those types of loans.Finally, I have an 'excellent' credit score, no debt at all besides 5 other rentals at 75/25 LTV (all cash flow positive) and a job that I claim over 100,000 in taxes, and have three years of consistent tax returns showing that.
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19 February 2024 | 9 replies
Besides borrowing money from 401k, you can open a line of credit on you Primary house and lenders can typically lend up to 90% CLTV or 70 investment properties.
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19 February 2024 | 2 replies
I utilized a HELOC along with 2 other lines of credit.
19 February 2024 | 4 replies
@Vincent GilliamI would suggest speaking to local banks, and credit unions.
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19 February 2024 | 11 replies
Tip: When homes are listed on the open market I play the communication game to get the price down.
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20 February 2024 | 23 replies
Here are some considerations and tips to help you make the most of your turnkey investment strategy:Pros of Turnkey Properties:Ready for Rental: After refurbishment, turnkey homes are usually ready for occupancy right away, saving you the time and hassle of doing repairs and improvements.Professional Management: A lot of turnkey companies provide property management services, taking care of tenant selection, rent collecting, upkeep, and other daily tasks on your behalf.Passive Income: Investing in a turnkey property allows you to immediately begin earning rental income without having to take on major maintenance or remodeling tasks.Tips for Investing in Turnkey Properties:Take some time investigating turnkey suppliers in-depth and select reliable businesses who have a proven track record of effective property management and satisfied clients.Make sure you have done your research about the property, its surroundings, the nature of the rental market, and its potential for long-term income flow.Analyze the financials of the turnkey property.Even though turnkey homes can generate rental revenue right now, think about your long-term investing objectives and plan.
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18 February 2024 | 6 replies
Can you qualify for a mortgage with income, assets, credit, and a property that can be financed?
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17 February 2024 | 40 replies
My credit score is an excellent and I have a great W2.