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28 May 2024 | 1 reply
If you're simply seeking leverage for additional properties you can tap banks and hard money/private money lenders.
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28 May 2024 | 2 replies
Right now the mortgage rates I'm being quoted for a 20% down DSCR is 7.75%.
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29 May 2024 | 15 replies
The pros would be less hassle since you are dealing with on tenant, but cons would be if that specific tenant does not/cannot pay rent, then it will create extra burden for you to pay your mortgage.
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28 May 2024 | 8 replies
Better to pay your mortgage instead of someone else's.
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28 May 2024 | 5 replies
I'm just making about $250 net each month off of $1900/month rent (about $1,450 total for mortgage, insurance, taxes, etc.) , but appreciation has helped, the tenant is great, I have a property manager.
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28 May 2024 | 5 replies
If I can find 3-4 units, I will live and other rent out to cover mortgage.
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28 May 2024 | 4 replies
Our initial idea was to build-to-rent two 1,300 sqft homes on the additional tracts of land, but after speaking with lenders, the current interest rates made this unfeasible.
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28 May 2024 | 0 replies
Only problem it is is that it’s a manufactured home and a lot of lenders doesn’t lend to first time flippers or manufactured homes.
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28 May 2024 | 1 reply
Lenders face far more regulations when lending on owner occupied properties which may limit your options.
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28 May 2024 | 0 replies
Whether you're an investor, agent, or lender, your insights and advice would be invaluable to me as I embark on this path.