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26 April 2024 | 7 replies
I always feel like one needs to have more than 1 or 2 reliable lenders.
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27 April 2024 | 0 replies
Most issues are now sol Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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27 April 2024 | 6 replies
After rehab is complete, you can work with a lender to do a cash out refinance and get into a conventional loan where the interest rate will be lower.
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25 April 2024 | 11 replies
Consider a live in flip, we used to use terms like sweat equity to describe this tactic.Couple of lender ideas Get a co-signerTalk to local or regional banks, you will need "portfolio" lender.Get a bridge loan from hard money or private money until you quality for conventional financing.Financing will be tough.
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27 April 2024 | 15 replies
The truth is, about 99.5% of lenders who offer conventional mortgages in the US won't lend to someone who isn't based in the US, even if that person is a US citizen living abroad or works for a US company.
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25 April 2024 | 5 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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27 April 2024 | 7 replies
Would I have to inform the lender?
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26 April 2024 | 9 replies
Sounds good man, I'll private message you now!
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27 April 2024 | 19 replies
Hi Margarita-Great question.There are many mental blocks and friction points to buying your first property.First off, just buying property outside of a first or second home to use is not done by most people and buying your first home is a major purchase for most people.That means the people in our immediate sphere of influence are not thinking about buying investment property, they see it as risky and out of a sense of protecting you or themselves encourage you not to do it.I remember having the same mental blocks and fears you probably do thinking about buying your first property or first investment property.The most critical thing to overcoming these mental blocks is self education and surrounding yourself with the best team of people to help you.An investor friendly Realtor who can refer you to an investor friendly lender, title company or closing office, property inspector, property manager, and insurance agent.Real estate is relational and having the best team will keep you out of the weeds.To Your Success!
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26 April 2024 | 6 replies
Buyers, realtors, lenders, contractors.