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28 March 2024 | 2 replies
We've got some capital, but I've heard of investment loans that require zero % down as long as we can show that the property will be able to rent.
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26 March 2024 | 2 replies
Deposits have the expectation of the money being returned if parameters are met, and you could well get challenged on this by a tenant if your lease is phrasing it as a deposit as opposed to a fee.
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29 March 2024 | 12 replies
I house hack but the loan is still considered my primary residence so I guess I wasn’t considering it as an investment property that contributes to my NW.
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27 March 2024 | 0 replies
You may hear folks also say the phrase “no landing,” referring to the Federal Reserve being able to avoid a recession but inflation remains.
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28 March 2024 | 13 replies
Are there any loan options out there I am missing to keep out of pockets costs under 100k?
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30 March 2024 | 25 replies
Also - get a free full loan pre approval in place for whatever hypotehtical scenario you are considering to make sure you have finnacing lined up
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29 March 2024 | 6 replies
I got my first rental with negative cashflow last year.Property price 241k, loan balance 232k Tenant pays rent 1,800$monthly payment 2,050$Spent 5,000$ on improvements.Property appreciated from 241k to 255$ this year.I am not sure whether I should sell it this year or keep for appreciation purposes?
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28 March 2024 | 4 replies
I can get a DSCR loan but need 20% down and about 30k for rehab.
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28 March 2024 | 3 replies
I have also been know to be a resource to some of my wholesaling buddies that have needed a loan for EMD or even funding for a double close.
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28 March 2024 | 4 replies
Fannie/Freddie do NOT allow:Texas Section 50(a)(6) Loan Security PropertyA Texas Section 50(a)(6) loan must be secured by a single-unit principal residence constituting the borrower’s homestead under Texas law.