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30 January 2025 | 21 replies
For comparison, a Navy Federal FCU personal loan will be in the 15s%
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6 February 2025 | 10 replies
Analyze deals, build your network, and educate yourself constantly.If you have access to unique resources (like a VA loan, FHA Loan, or 401K), use them to your advantage!
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30 January 2025 | 3 replies
The SST doesn't apply for legal 2-flats so if you want to use FHA it's probably better to target those that maybe also have a non-conforming basement or attic unit.This is why the 5% down conventional loan is a game changer for house hackers.
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17 February 2025 | 15 replies
Due to the popularity and scarcity of these properties in Nashville, it would be difficult to find a property meeting the STR requirements given a proposed purchase price of ~$300-350k.Additionally, your situation is a bit unique as it sounds like you may be living away from your primary residence more often than not, and as such, I also recommend you confirm with a lender whether this situation would qualify for this type of (primary residence) loan.
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9 February 2025 | 3 replies
You need income to qualify for loans, you can learn how to manage rentals well (something most landlords never do), you will figure out which communities/properties make the best investments, can earn an above-average paycheck, and may even find some investment properties before they hit the market.
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29 January 2025 | 21 replies
The counterclaim states that since the deed in lieu language was part of the loan, the entire loan is invalid.
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29 January 2025 | 5 replies
.~ I will most likely purchase the first home (multi-family) using a bridge-DSCR loan combo or a FHA203K (3.5-20% down).
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15 February 2025 | 14 replies
Meet-ups via local groups or via zoom calls or private REI clubs/groups.Asking a seasoned agent in each city/county as well as a Banker/Loan officer will also help put a plan together.
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19 February 2025 | 27 replies
There is so much that goes into a successful STR beyond the very basics.Now, projections can help for people using a DSCR loan.
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8 February 2025 | 49 replies
(Keep in mind there are Fannie Mae maximums on the number of personal loans you can have - which is 10 per person.