3 May 2024 | 5 replies
Normally the easiest and the least amount of documentation.
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3 May 2024 | 6 replies
What are some companies you've worked with, pros/cons of their business and amount in fees they charge?
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3 May 2024 | 3 replies
Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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3 May 2024 | 12 replies
Rates will be comparable to an investment HELOC (likely slightly lower) but are fixed, not variable.
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1 May 2024 | 2 replies
I've purchased a few owner-occupied properties in Washington, buying houses and fixing them while living in them before moving on to the next.
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1 May 2024 | 9 replies
Hello,Trying to get an idea of the best sources (lenders) for lowest origination fees and lowest APR for fixed rate loans on 6+ unit multifamily.Thanks!
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3 May 2024 | 2 replies
1) The regulation 1.263(a)-(f) reads that you're able to utilize it for amounts paid during the taxable year.
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3 May 2024 | 1 reply
is it better to pay down more on the above SFR and bring down the DTI ratio and then leverage the SFR and use that amount to buy another townhome?
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2 May 2024 | 8 replies
I set the rent amount for each length of lease and the PM does everything else.
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2 May 2024 | 14 replies
We do fix and flips in select neighborhoods, buy and hold properties are great for cash flow here.