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29 February 2024 | 15 replies
Most lenders can go up to 75%-80% LTV depending on experience and fico score.
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29 February 2024 | 4 replies
Will your lender even let you close on the property if there is a possibility that there is termites?
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29 February 2024 | 17 replies
In addition to considering what lenders opinions might be (currently Fannie and Freddie don't want to see any more than 10% of units being STRs but not sure about LTSs).
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29 February 2024 | 4 replies
I generally close them in around 15 days and often don't need an appraisal as many lenders will accept an online valuation tool.
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29 February 2024 | 4 replies
FHA will also not allow you to close in a revocable trust as most lenders will enforce a "Due on Sale" clause.FHA has a "100 mile rule" so you cannot use another FHA loan to house hack.
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1 March 2024 | 7 replies
However if the sale has happened and you say there are NO redemption rights then sounds like who ever bid at the sale is the owner / or it reverted to the lender or who ever owns the debt that was foreclosed.
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29 February 2024 | 0 replies
I say the general public because there is a way to get an even lower rate but it involves a personal relationship with a private money lender.
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29 February 2024 | 2 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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1 March 2024 | 39 replies
Like all towns with high crime, it's not entirely bad, but you do run the risk of lenders wanting to reduce LTV to reduce risk due to the area (if you're going DSCR anyways).
27 February 2024 | 2 replies
You can use a Quit Claim Deed and that can be rejected when you go to sell the property.11.