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15 January 2020 | 9 replies
Thanks @Whitney Breedlove and @Edy Lagares.I was looking at a commercial loan with an interest rate of 6.5% with the LLC rather than a conventional 30 year with 4-5%.
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15 January 2020 | 6 replies
2 unit homes also have larger conventional and FHA loan size caps then 1 unit homes do, so you have more wiggle room to borrow more.
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15 January 2020 | 3 replies
Hi All,I'd appreciate any insight from someone knowledgeable regarding timelines for turning a house-hacked primary home into a full investment property.Here's the situation:I have identified a duplex in which the numbers work great, and I have enough saved for 25% down, so I would qualify for a conventional loan and mortgage (great credit, low DTI, etc), and could purchase the property as an Investment Property with the associated higher interest rate.
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14 January 2020 | 2 replies
It’s a conventional mortgage and sounds awesome for investors, but I think I can get a much better rate than that and should just go through the headache of a full approval loan with a better rate if I can.Any insight from lenders?
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17 January 2020 | 3 replies
Hi all,I'm a total newb to using outside money and was hoping I could get some advice from people who have gone down this road before.I have done 2 deals so far, both duplexes with conventional loans and I'm looking to amp it up a bit.
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20 June 2021 | 72 replies
There is a national convention for the health care assoc I belong to the same time as this one.
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20 January 2020 | 5 replies
I was thinking maybe a SFR, which would put my PP at $350K, considering that would be a 5% down conventional loan which would put my payment at $2400 or so and considering market rents are around $2500 or more in that area it would make me a great investment.
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15 January 2020 | 4 replies
also consider a conventional loan as these loans dont have the preeminent mtg ins that FHA loans do
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17 January 2020 | 14 replies
I'd thought about it but read that investing from an LLC precludes my first few deals from.taking advantage of lower rate lending for my first four or five deals as a private consumer using conventional personal financing.
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17 January 2020 | 18 replies
There are some conditions you have have more than one, but generally unless you are moving around for your job, it is pretty difficult.You can have up to 10 Fannie or Freddie backed conventional mortgages.