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9 July 2024 | 6 replies
John,You only need to put 15% down on a Multifamily investment purchase even up to 4 units.
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12 July 2024 | 8 replies
However, if you pay all cash, some lenders will allow you to do a cash out refinance based off of the purchase price immediately after closing with no seasoning requirements.
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12 July 2024 | 1 reply
Hi all,I am looking at a potential rental acquisition where the home contains a garage conversion into a room and it is unpermitted.Note that seller has not included this room in the sq footage and i am not purchasing it with the assumption of conversion to permitted.If i were to buy and turn into a rental - is there any liability to renting it out with that unpermitted conversion?
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11 July 2024 | 1 reply
Purchase price: $514,500 Cash invested: $125,000 Purchased a beach condo that will be used as a STR.
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10 July 2024 | 18 replies
Very saavy for you to stay in the studio and rent out the larger portion.RentRedi should get the job done for tenant screening.
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12 July 2024 | 8 replies
Hi Jake, DSCR Loans are a great way to get started if you have a property in mind that is ready to rent once purchased or possibly even has tenants living in it.
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9 July 2024 | 2 replies
The demand for homes with a bit of land and a shop is high where I live, leading to a larger buyer pool and quicker sales.
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12 July 2024 | 0 replies
I purchased a well-maintained single-family home in a growing suburban community.
12 July 2024 | 2 replies
I have enough put away to purchase a few properties for rentals and kick start everything with a faster scale and keeping reserves on hand.
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12 July 2024 | 10 replies
Additionally, depending on how you plan on purchasing - most conventional lenders won't underwrite a purchase in the name of an LLC that has no income/history. 1.