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12 January 2020 | 6 replies
Thank YouHi Justin, commercial lenders will be looking for the following but subject to lender and product-specific: (There are niche lenders)Investor Only - loans to Individual, LLC, Corp and Limited partnershipAppraisal of propertyUS or perm resident (some will lend to foreign nationals at 65% LTV and higher rates)3 mos PITIA and closing costs (some will use loan proceeds for this if within LTV thresholds) 3 mo bank statement for proof30-day ownership seasoning on refinancing (some 30 days to 90 days)No tax returns, DTI calculations or income qualification (most)LTVs up to 80% (some sweet spot is 75% for cash out)DSCR 1.0 -<1.3 (some will look at this but some won't sweet spot is 1.2)Credit 650+ (credit will impact rate and LTV)Min Property Value $75K (Higher min in certain areas)Lease or unleased (must be rent ready .. rate may vary)Min Loan Amount (lender specific rates will vary on amount)5/1 ARM, 7/1 ARM, and 30-yr fixed-rate structuresNo sourcing or seasoning of funds (some will ask for 30-60 days seasoning)Must own primary home (lender specific some do some don't)
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13 January 2020 | 64 replies
As another mentioned, you pay for convenience, that’s the turnkey’s product.
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12 January 2020 | 5 replies
Thanks @Kerry BairdHey @Zack ThiesenYes, as crazy as it sounds, there are numerous products out there for the self employed investor that don't require tax returns.
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11 January 2020 | 3 replies
For example, buy a case of product under Company B's books, but sell it through Company A.
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12 January 2020 | 3 replies
You cant so much for $20 bucks these days.A lot of things he does seem capricious and without research (for example, his proposed "7-round mag" for rifles-expecting the entire industry to alter their products just for him).
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13 January 2020 | 28 replies
I know they exist and have known this for decades.. just really never seen them used.. at least on the West coast.. sophisticated buyers wont sign them is my thought I know I would not.
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12 January 2020 | 13 replies
More like a cabinet rather than a full wall mount:https://futonland.com/product/...
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11 January 2020 | 0 replies
Especially with so much of the Class C product being repositioned/renovated to a solid B or B+ class property.About 5 years ago we started to see more and more people use apps like Zillow, Hotpads, Tulia, etc.
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18 August 2014 | 13 replies
The government set up a program for farmers to get a loan for another ox etc to increase crop production.
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22 August 2014 | 3 replies
Also, it would be vital to what products and schemes are popular at the current moment among investors.