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15 April 2024 | 35 replies
@Daryl CorreiaWhile 5% down investor loans may be available, the rates will be high as will the monthly payment, resulting in significant monthly losses.Below is a (over simplified) table showing the down payment rate, debt service, taxes (0.55% of the purchase price), and insurance ($700 per year), assuming a monthly rent of $2,200, and a purchase price of $400,000.
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13 April 2024 | 1 reply
I work in property management so many of the people on my referral list are brokers, mortgage loan officers, and leasing agents.
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10 April 2024 | 5 replies
We have a 7.125% rate on a 250K loan.
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13 April 2024 | 0 replies
We were able to do a low down payment loan with closing cost assistance.
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10 April 2024 | 8 replies
Has any one used Lending One for a rental loan?
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10 April 2024 | 1 reply
Hey guys, looking for some information from any veterans in the community that have used their VA loan for an investment property.
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12 April 2024 | 7 replies
One of which wants cash reserves of 30k on a 200k loan to get going.
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13 April 2024 | 8 replies
Just make sure the lender will allow for x amount of gift funds depending on the loan program you are going with.
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10 April 2024 | 2 replies
The two most obvious options at hand are : A/ Accumulating capital through my job before investing in real estate B/ Asking for a bank loan that would allow me to invest sooner, saving time, after doing market research Which strategy is better, in your regards ?
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12 April 2024 | 6 replies
I don't know if she can do it but I'd check with Lilly at Creative Lending. https://www.creativelending.biz/If that doesn't work you will need a private loan.