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11 April 2024 | 10 replies
@Samuel Metcalf- thanks 1) I would recomend getting a HELOC in place on your primary residence duplex for as much as possible...this should be available for free or a low cost and the rate will be variable in the 8-11% range ...prime rate + margin of 1-3% ) ...the min payment is in interest only payment on outstanding balance 2) use the heloc for the remodeling costs ...pay it down as agressively as you can 3) on the purchase of the investmenet 1 unit - you are allowed to put as little as 15% of the price for your down payment ...the pricing you get for the loan will improve as your down payment grows so you might look at 75% / 80% and 85% ltv options
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11 April 2024 | 3 replies
The market here is obviously tough (and we'd like to invest here or nearby for several reasons), but we have heard about second home loans that have more favorable down payment and interest options which could increase our buying power and allow us to cast a wider net during our property search.Understably this type of product would have to pass the sniff test.
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14 April 2024 | 0 replies
Nonetheless, traditional financing proved to be a reliable option.
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13 April 2024 | 7 replies
I'm trying to figure out on the naming of this facility as this is going to be much more then just simple self storage and would appreciate some thoughts as some options I'm thinking are as some keyword and then followed by storage and yards or should i leave the yards out . like : safe storage and yards american storage and yards
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14 April 2024 | 2 replies
You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.
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13 April 2024 | 12 replies
Consider targeting properties that have the potential for appreciation in value, as well as options for utilizing tax-saving strategies such as cost segregation and 1031 exchanges.
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14 April 2024 | 9 replies
., is also a plus for potential renters as there is a demand for more affordable options compared to the surrounding areas.
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13 April 2024 | 1 reply
That way you provide home ownership options along with rental options.
13 April 2024 | 19 replies
Obviously things like house hacking aren’t even an option because we have a nice SFH with a family.
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11 April 2024 | 10 replies
Do lenders typically work with both options or would I need to find different specialized lenders to work out each option?