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29 February 2024 | 6 replies
I don’t have enough for a down payment but i do have quite a bit of equity in my home. looking for some insight on how i can get a low down payment or should i use my equity, plus funds to fix property.
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29 February 2024 | 8 replies
These skills such as responsible budgeting, effective tenant management and property maintenance showcase your ability to handle larger and more complex properties which can strengthen your application for a commercial loan in the future.It's important to do your own research and understand the different loan options and their terms before you make a decision.
29 February 2024 | 2 replies
You get their low, low interest rate, 3%, 4%.
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1 March 2024 | 28 replies
In the meantime low cash outlay for them.
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29 February 2024 | 4 replies
You mention you also have a low credit score, between that and no income you will have a very hard time getting a loan, you could look at DSCR but that is getting more difficult as well.
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1 March 2024 | 10 replies
Also, yes it is a tenant friendly area but that is also a bit overblown since evictions are very low here in san Diego, last I checked it was less than 1 out of 100 and in areas around the country where evictions can happen practically overnight, some of those areas can have extremely high eviction rates especially a lot of those areas with high poverty rates.
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29 February 2024 | 2 replies
With repairs and maintenance, at the end of the first year we have a net return of negative -$9834.
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29 February 2024 | 8 replies
Looking at rentals in the area I think I could rent the house for somewhere between $2400-$2600, which doesn’t leave much room for maintenance, vacancy, and a property manager(assuming this is necessary since I will be so far away).
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29 February 2024 | 10 replies
Personally, I love the Atlanta area for investing, I have a ton of clients who invest in Atlanta and in Baltimore and those areas seem to have a decent return on investment for flips even with having low down payments on the purchases.
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29 February 2024 | 10 replies
Plenty of pro's including easy qualification, low documents required for underwriting/processing, and just overall convenience + turnaround time, among other nuances that make it a great loan product.