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24 May 2024 | 3 replies
I am looking at build to rent financing, but all of the banks that I've spoken with do not offer construction loans for investment properties.
22 May 2024 | 0 replies
We had personal savings and put down 5% with a conventional loan.
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22 May 2024 | 1 reply
However, Texas Eviction is telling me that since my loan is "federally backed" (my understanding is that this means that Freddie Mac or Fannie Mae owns my mortgage loan) that I have to post a 30-day notice instead of a 3-day notice.
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21 May 2024 | 10 replies
The reason for this mainly of because I can get a bigger loan on the house we have just built, than taking a ground up new construction loan on the rental we are wanting to build next door as well as my experience with ground up loans is zero -
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22 May 2024 | 7 replies
I see it has an area for fees in lieu and an area for security deposits.
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23 May 2024 | 4 replies
Hi All, quick question, I was thinking on get some temp cameras on my new rehab, as is an out-of-town investment 2 outside and 2 inside, the outside I will keep for the tenants after we rent, the inside is for the rehab process only.this will imply having internet in the house, I was thinking on offering internet with the rent as well, you think this will help on the rental, it will add security to the tenant and I will be able to see the exterior of the house, remember that I'm new on this so your help is highly appreciated.Internet cost is about $70.00 a month As always, thank you for your input !!
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24 May 2024 | 8 replies
Hi everybody,I am looking to purchase my first rental property and I do not think I am ready yet based on feedback I have received from multiple people.I do not have enough money for a downpayment on a conventional loan, DSCR loan.
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21 May 2024 | 9 replies
I am in the process of getting a 203k loan as well.
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21 May 2024 | 4 replies
If a hard money loan for a rental property many investors refinance from a hard money loan into a DSCR loan that has lower rates and 30 year fixed options.
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22 May 2024 | 74 replies
Another option is to find developers who want to build multifamily by 2026/2027 (assuming that there is loan inventory by then due to the difficulties in securing new construction loans).