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6 October 2021 | 0 replies
Buyer decided to go conventional, we hung in there with them.
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6 October 2021 | 9 replies
If you consider an FHA 203K rehab loan, the FHA guidelines will require both you and your wife to be on the loan application.If you decide to purchase as an individual with a conventional loan, then take on the flipping costs out of pocket, then sell for profit, you would be able to not be in an LLC and do it with only one of you.
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6 October 2021 | 1 reply
What is the best way to finance another property, or current debt to income is too high for conventional.
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7 October 2021 | 6 replies
Go conventional if you can for the best rate/terms.
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21 October 2021 | 4 replies
Usually local banks only, usually conventional unless you have a different kind of business model from strict BRRRR.
7 October 2021 | 9 replies
@Aaron Garbade let me shed some clarity for you...Conventional max financing: 15% down for a 2-unit, 20% down for a 3-4 unitConventional max loan amount in Tampa: 2-unit $702,000, 3-unit $848,500, 4-unit $1,054,500FHA max financing: 3.5% down for 2-4 unitFHA max loan amount in Tampa: 2-unit $456,275, 3-unit $551,500, 4-unit $685,400The max loan limits will be increasing SIGNIFICANTLY for 2022, if you're not in a hurry.Best of luck!
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22 October 2021 | 4 replies
Should I still try to write multiple offers with different types of financing options for a better likelihood of getting under contract or should I just go with full price, 21 day close conventional financing like my Realtor recommends?
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7 October 2021 | 3 replies
It's a bit higher than most conventional loans, but it also doesn't go on your credit report and the loan can go as a LLC for liability protection.
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7 October 2021 | 1 reply
Hey Gabe,You wouldn’t finance it with an LLC with conventional financing.
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7 October 2021 | 2 replies
Most lenders are going to require 20% down on a Jumbo second home. 10% down is allowed on a loan that is within the conventional loan limits.