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13 January 2020 | 0 replies
Buyer used conventional financing - 25% down.
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14 January 2021 | 10 replies
Do you have an conventional lenders that you recommend that are have experience with properties with ADUs?
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13 January 2020 | 2 replies
Business StructureWe want to run the business through an LLC for its benefits.We are taking a Conventional Loan in my name to pay for the property.
27 January 2020 | 17 replies
You'll never cash flow with any kind of conventional financing in place.
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14 January 2020 | 2 replies
Is 5% just a normal conventional loan?
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14 January 2020 | 0 replies
Conventional, 5% down because of owner occupancy.
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14 January 2020 | 4 replies
I am doing a conventional loan with 20% down.
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14 January 2020 | 2 replies
So put together a nice, very informative, written plan that describes the property, the deal, the financing needed, the returns, how you will manage it, your team, etc, and take this to them and ask to discuss their lending options.If, on the other hand, you are flexible on not using the LLC at first, then you can probably more easily get a conventional loan to purchase the property directly in your own name.
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14 January 2020 | 2 replies
If you currently have an FHA loan then you'll not be able to take advantage of the 3.5% down FHA loan in the same market, but there are several loan products that offer something like a 5% down loan (which is a conventional loan product).
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23 August 2021 | 9 replies
This is not an issue for SFH + ADU, but if you add an ADU to a multiunit, conventional loans are off limits and you must consider non-conventional or commercial loans for refinance.