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17 April 2024 | 10 replies
Doing it that would structure it more like a loan correct?
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16 April 2024 | 8 replies
There are some benefits for financing under an LLC (super fast refis, less paperwork, lots of loans), but also benefits for personal (30 yr fixed, low rates).
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16 April 2024 | 0 replies
Directly North is still A market-Shawnee)It looks good with straight investor metrics using Fannie Mae conforming loans (25% down, 7.1% rate with a few points) and easy ARV monthly rent of $1700/unit ( I get this number based on the exact same floor plan in Raytown with complete rehab placing a tenant at $1500, and Raytown gets lower rents than Roeland Park KS.)
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16 April 2024 | 1 reply
Traditional FHA loan finance 3.5% down How did you add value to the deal?
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16 April 2024 | 5 replies
Looking to connect with agents, loan officers, and investors of course.
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15 April 2024 | 20 replies
So your pricing will be higher for a 80% LTV loan than for a 60% LTV loan.3.
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16 April 2024 | 2 replies
I see the same things from borrowers or those that take on mortgages.understand the concept.. but did not read much of the 30 page Mortgage document.Or read and understand the note.With so many of the larger HML or DSCR loans being backed or bought by wall street firms you know their lawyers are creating these documents and I suspect virtually no one reads every clause in them and or understands what they mean in relationship to the transaction and what your signing.
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16 April 2024 | 7 replies
This will impact your loan program, down payment, terms and conditions.
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16 April 2024 | 6 replies
Buy 4 more properties - one approximately every 3 months, based on the following logic = always fill existing property with a tenant prior to moving on (I'm new, and this is my way of managing risk); build resources to purchase next property (I have pretty decent purchasing power right now through conventional lending with my current job, and I also have a private lender ready to loan on my next property, and I also get a quarterly commission check that provides a nice financial bump every 3 months); finding a property takes time, but it is worth it to find the right property in the neighborhoods I want to invest in, at the right price.