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8 April 2024 | 6 replies
I would recommend looking for homes that are for sale with FHA, VA or USDA loans as they are assumable and will save you thousands per year in interest costs!
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9 April 2024 | 21 replies
Do you hard money and refi out or just do 20% down conventional investing loans?
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9 April 2024 | 0 replies
Investment Info:Single-family residence private money loan investment.
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9 April 2024 | 0 replies
Investment Info:Single-family residence private money loan investment.
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9 April 2024 | 16 replies
Sure, you don't want the property to be negative after you move out, but likely with rent growth, and a possible refi, you should be fine for that. and even if it is slightly negative your appreciation, and loan paydown are probably still outperforming that.Have you looked into other rental strategies for the property?
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9 April 2024 | 10 replies
If this is an investment property Fannie can't do this type of loan.
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9 April 2024 | 37 replies
But our Veterans No way they sacrifice to much to not let them use their VA loan because of this lawsuit.
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8 April 2024 | 0 replies
One way we do that is by pulling your credit report (but only after you’ve filled out our full loan application and agreed to our conditional terms).
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8 April 2024 | 0 replies
One way we do that is by pulling your credit report (but only after you’ve filled out our full loan application and agreed to our conditional terms).
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9 April 2024 | 1 reply
This strategic move paid off handsomely as we were able to command higher rents than initially projected.Here are the key financial details of the deal:Purchase Price: $270,000 (jointly with a partner)Financing: Obtained a commercial bank loan with a 30% down payment, 7% interest rate, and a 20-year amortization period.Initial Rents: $1050 and $1250Current Rents: $1400 and pre-leasing for $1500 (making it a 1% rule deal!)