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15 March 2024 | 2 replies
I read that you are supposed to put security deposits into an insured savings account that bears interest.
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15 March 2024 | 32 replies
And thanks for the help with our account.
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15 March 2024 | 4 replies
VA is great for the 100% financing which covers 2-4 units as well and those can be rented in addition to rooms in a primary.Just make sure you shop around for quotes (without letting multiple lenders pull credit).
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14 March 2024 | 23 replies
So don't ask - just do a National Screen on all applicants from an independent source - and let your minimum credit score criteria be the reason for non-acceptance.
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15 March 2024 | 5 replies
Or do you just mean it may not be on your credit report?
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14 March 2024 | 18 replies
.), plays a big role.Generally, there are three main refinance options for BRRRR method investors: Conventional loansBank/credit union loansDSCR loansConventional loans are generally defined as loans originated under GSE (Fannie Mae/Freddie Mac) rules and guidelines and securitized.
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15 March 2024 | 4 replies
Along with the FHA loan, check out the loan from the Neighborhood Assistance Corporation of America (NACA).NACA was formed in 1988 and provides an affordable option for potential first-time buyers:✅ No down payment✅ No closing costs or fees✅ No mortgage insurance✅ No consideration of credit score✅ Below market fixed interest rateThere are several requirements to be eligible, starting with attending one of their workshops.https://www.naca.comI wish you all the best.
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15 March 2024 | 1 reply
However, the lender that I utilize for that with my clients has not sourced funds from their account, so a personal loan or funding otherwise is still possible to bridge the gap.
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15 March 2024 | 8 replies
Taking into account the possibility of an equity gain from renovations and upgrades, keep the following in mind:Market Conditions: Depending on the state of the local market, changes such as bathroom and kitchen renovations may or may not have an influence on a condo's equity.
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15 March 2024 | 9 replies
By definition and generally accepted accounting principles (GAAP) you should not include these in NOI.