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10 July 2024 | 8 replies
You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.
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8 July 2024 | 35 replies
This is just as important as the How because the How allows you to really decide your Where based on the regulations I just covered.
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7 July 2024 | 1 reply
The challenge that many borrowers run into when looking for larger equity lines with limits of $250k+ is that they typically require full income verification (not always bank statement and DSCR exist) with lower DTI ratios (43-50%) however although the repayment scheduled is based off a simple interest only payment, (usually a 30 year amortization schedule with the initial draw period of 5-10 years) the qualifying rate is based off of the converted twenty year amortization schedule (240 equal installments) of the payback period.
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9 July 2024 | 3 replies
Hi Scott - I'm also based out of Flagstaff - am both an investor and an agent.
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10 July 2024 | 50 replies
Based on what I've seen I wouldn't hesitate to pick-up his materials the prices were good last I checked.I like Mark Norick's site because it breaks down how to work with each state FOR FREE and whether or not it's worth your time.I did however learn alot from the course.
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9 July 2024 | 6 replies
I am liking what I am reading as far as the terms and options are concerned with Quickline Capital.
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9 July 2024 | 7 replies
I can find lots of options through online sources (Zillow, Redfin, Rentometer, etc.), but since none of these sites available to me show leased properties I'm having trouble finding good comps to list on the appraisal dispute form.
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9 July 2024 | 2 replies
No option but to sell to stop hemorrhaging...After selling can I deduct losses (including passive losses) against other capital gains or ordinary income by 3K?
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5 July 2024 | 9 replies
Hi Joseph,As you experienced, most lenders won't go below 100k, but there are options out there.
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9 July 2024 | 12 replies
@Robin HopkinsI'm a Florida-based lender with operations spanning across the Carolinas.