A beautiful long term property with an increasing equity in a nice neighborhood with tons of rental potential and or good opportunity for selling due to aesthetics and location.

A beautiful long term property with an increasing equity in a nice neighborhood with tons of rental potential and or good opportunity for selling due to aesthetics and location.

It was a standard house purchase through a realtor to find my “forever” home How did you finance this deal?

Increase your income, reduce your expenses, save consistently until you build up enough to invest.

In Colorado Springs, we also have a couple of other strategies that work well besides just standard duplexes.

Details below...We need a FAST cash-out loan product that requires only the personal guarantee of my business partner (60% ownership) to be used for: completing the remaining rehab and getting the 1st house rent ready, paying off revolving credit accounts to get her credit score up, and funding the other projects we have in the works.To help bring you up to speed on what's transpired over the 11 weeks we've been in business...We started our business on Dec 1, 2023, leveraged our "then" good credit/high w2 incomes to bootstrap the startup, assembled a rehab team, and are now about 2 weeks out from the completion of our 1st rehabbed property.We've closed on 3 properties, all owned free/clear, and have paid for renovations with personal funds/credit.My credit score was 810, but is now 592, due to excessive debt but 100% on-time payments, therefore can't personally guarantee a loan.My business partner's score is currently in the 700s, but likely wont be for long, due to her revolving credit % continuously increasing, as we push towards the completion of the first rehab utilizing her remaining credit on her CCs.Recently, I started researching the underwriting timeline for DSCR loans. 

This tool helps real estate investors focus on their goals when analyzing potential real estate deals.The buy box can consist of standards that are important to the investor.

Its like 55-60% Commercial....but there is a lot of space to increase the residential  square footage  (such as a laundry room).

If you are looking to scale your portfolio, it would make sense to use leverage and increase your return on equity.

They are revising it but I anticipate it will be a significant increase at some point.