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7 June 2024 | 4 replies
If using high LTV loan and legit underwriting, the purchase will have negative initial cash flow.
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10 June 2024 | 28 replies
I would love to find another Fountain square back east and start doing infill like this article maybe 1 to 2 month would be great we would just use cash so no loans etc..
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7 June 2024 | 4 replies
This might entail buying a single-family home with rental potential and living in one area while renting out the other units, or it could entail buying a multifamily property and living in one apartment while renting out the others.Financing Options: Look into traditional mortgages, FHA loans (for home hacking), and other inventive financing techniques.
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7 June 2024 | 1 reply
However just know that you wont be eligible for most residential loans if you decide to put it under an LLC assuming your needing funding.
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8 June 2024 | 37 replies
Typically there are no loans....all cash, same day.If you can withstand the headaches and risks, I do see a few people killing it with rent-by-the-room.
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9 June 2024 | 36 replies
My situation is the same as the OP's, I tried everything, but no sales.
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4 June 2024 | 0 replies
These loans often have interest-only payment options, meaning you only pay the interest for the duration of the loan or a shorter period based on the market conditions.
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9 June 2024 | 35 replies
I come from the mortgage industry as a loan processor and a loan closer and those legal docs templates we used were created by a real estate attorney, therefore, it's the same principle that allows a TC to do the same thing.
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7 June 2024 | 4 replies
It's a tough situation all around.
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6 June 2024 | 1 reply
I've personally communicated with the inspectors, and they are aware of how the tenant is trying to manipulate the situation.