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26 March 2024 | 11 replies
Explore options like conventional financing, FHA loans, or private lending, and work with a mortgage broker or lender specializing in investment properties.Overall, it's essential to conduct thorough due diligence, seek advice from experienced investors and professionals, and carefully evaluate your options before making any decisions.
27 March 2024 | 6 replies
My DTI is roughly 30% and I make a good 6 figures with my 9-5 plus day trading money so I know that I’ll be able to manage both mortgages, I just don’t know how or if I can go about financing this deal with little cash on hand.Any help or resources to look towards would be appreciated, thank you!
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27 March 2024 | 43 replies
We run a private credit fund investing in mortgage notes.
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27 March 2024 | 9 replies
If you do some value add, you'll gain on sale plus have the benefit of having lived there for free for a little as the tenants paid your mortgage, and, there is no carrying cost while you do repairs or improvements - it's your primary home, so you're not losing anything by carrying that mortgage.
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27 March 2024 | 5 replies
Reduced down payments are possible for multifamily buildings using financing options such as FHA loans, which are less expensive than traditional loans.Find local programs that can help with a down payment, look up programs in your region, get in touch with lenders or mortgage brokers in your area, and fulfill the eligibility requirements by attending homebuyer education workshops.
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27 March 2024 | 10 replies
I can create a wyoming LLC that has 57 LLC's below it but the moment I finance that property guess what goes on that mortgage or deed of trust.
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27 March 2024 | 11 replies
I would recommend reaching out to a mortgage broker that has a reputation of working with foreign investors.
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28 March 2024 | 34 replies
It takes me five months to sell the property and four mortgage payments of $570.00.
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27 March 2024 | 1 reply
Our monthly mortgage amounts to around $2,000, while we generate $1,400 in rent for the upper unit.
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26 March 2024 | 9 replies
But, I will lower my monthly obligation to around $3000-3500 ($2500 new mortgage plus $500 delta on previous home mortgage).