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19 March 2024 | 16 replies
These are generally 12-24 month interest only loans that borrowers will generally pay back by selling or flipping to long term financing like DSCR loans.More on DSCR loans:DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.
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19 March 2024 | 4 replies
I am also hoping for recommendations for local REIA meetups that aren’t just trying to sell bootcamps with “guru’s”.Thanks in advance for your time and any insight you may have, I wish you all the best of luck and success!
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19 March 2024 | 18 replies
There are plenty of us that have done what you are trying to do and have nothing to sell.
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19 March 2024 | 21 replies
I have known John for years, but chose a local accountant, partly for local, and partly because I was skeptical about using a selling speaker as my accountant.
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18 March 2024 | 5 replies
My wife and I are tossing around the idea of selling our current home and buying a duplex, moving into the vacant side so we can purchase with less money down and begin our investment journey.here are the details:Sale Price: $250,000both sides are 3 bed 2 bath with one car garagethe listing says the occupied side rents for $1,100location i would classify as high C low B, mainly because everything around is rentals.2853 Hemlock Ct Cape Girardeau MOThoughts, Advice would be greatly appreciated!
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18 March 2024 | 4 replies
Hey guys, im located in Phx,az and would like to invest on my first property here, I would like to know what are my options, I am self employed and bring in about $4k a month (mostly cash )no paper work to trace my earnings (im in the car selling business) , experian score 630 1 delinquent acct but it was paid off many years ago, Ideally i would like to put down $10k to $15k tops, what interest rate do you all think im looking at.
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20 March 2024 | 21 replies
Alot of brokers try to sell people into low (relative to interest rates) or negative cash on cash deals because they convenience the buyer that "real estate goes up".
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18 March 2024 | 14 replies
He is good with receiving 10% on his money paid out when I sell the house.
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19 March 2024 | 15 replies
I have a feeling the seller was aware they were not renewing and decided to sell at that time.
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18 March 2024 | 3 replies
I also considered maybe I could sell the home but I just purchased it a year ago and have minimal equity.Let me know if there is other key information that will help inform your responses.