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27 September 2016 | 2 replies
Although I see some lenders a bit more west of you doing 100% of purchase , 100% of rehab loans they are typically in CA and reserved for experienced flippers.The best I've funded this year is 90% purchase 90% of rehab (For borrowers with low 600's fico, 4-5 Points close, first time flipper, and rates in the 10s.
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27 September 2016 | 4 replies
Another idea that I have wanted to look into is utilizing an underground network of soaker/drainage lines that keep you from needing a lot of area for sprinkler coverage.
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26 September 2016 | 12 replies
Step Four:Contact a local Real Estate Broker and ask them to give you a list of all the houses in that neighborhood that have sold for cash within the last couple of years (these will typically be cash investors).
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21 February 2018 | 7 replies
While doing my research I have noticed that a common theme for most first-time investors is that your first deal is typically the hardest, but, after the first, the rest come easily.
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30 September 2016 | 7 replies
Typical ratios lenders look for are 2.0 for global cash flow and 1.2 dscr for the individual property.
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29 September 2016 | 8 replies
You give them a way out of where they are, and typically giving those people that way out saves them from a lot more heartache.
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26 September 2016 | 14 replies
Comps are typically average home pricing for the area, which are normally no completely renovated.
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26 September 2016 | 1 reply
Hello,I am looking for a realtor experienced in short sales, foreclosures, and homes in general selling typically between 50k-100k in Columbus, Ohio.
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29 September 2016 | 3 replies
If this person isn't currently making on time payments, banks are less excited to give them money at a lower rate.After that, you've got credit utilization at 30% of your score.
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4 October 2016 | 5 replies
Otherwise it's in great condition, but it would not pass an FHA inspection. 4. 12 month rule - Typically, you cannot rent out a home that you have an FHA loan on until you have lived there for at least 12 months, unless you refinance to a conventional loan.