John Wallace
Current DSCR rates? Who's got the best program?
24 June 2024 | 8 replies
However, it mainly depends on LTV, cash flow, and credit so it is hard to say without knowing the full details.
Debbie Welch
Financing Construction of Two Detached Dwelling Units
25 June 2024 | 1 reply
Here are a few ideas:- HELOC: depending on how much equity you have in your property, you may be able to apply for and borrow against that equity- DSCR: BP now has a find a lender link and I'm happy to recommend mine as well if you'd like; there are lenders who do loans based on the future rental value of the property- Borrow from your 401k: typically you're able to borrow up to $50k and if you have multiple 401ks, borrow from multiplesHopefully this gives you some ideas of other options to bring in some cash for your investment!
John Balzowski
Have a few properties, don't know what to do next.
24 June 2024 | 21 replies
I paid 160K cash for that one, spent about 30k again and have it rented for $1,895/mo.
Jayden Gales
Looking to Complete my first Deal
25 June 2024 | 10 replies
Once the property is rehabbed, you can refinance into a DSCR loan with no seasoning requirements.I'll let some of the traditional mortgage brokers chime in, but traditional financing might require a 12-month waiting period to pull your cash back out.
Ashni Modi
Which are the good areas in/near Phoenix to buy an investment property in?
24 June 2024 | 17 replies
Are you looking for cash flow, safe neighborhood or bringing a property out of the abyss to perfection?
Zachary Sales
Need advice on tenant vacancies
24 June 2024 | 7 replies
What's a reasonable amount of time for a property management to tour, provide quotes, and get a property advertised for rent after a tenant moves out?
Paul Seymour
Fix and Flip
24 June 2024 | 1 reply
Purchase price: $12,500 Cash invested: $130,000 Sale price: $204,900 Purchased home and completed a complete renovation of the property.
Matthew Wright
Rental Application fee
24 June 2024 | 10 replies
@Matthew Wright know your landlord tenant laws as many states have or are enacting limits on application fees, some require itemizing and returning any unused portions if over a certain amount.
Dillon Duffy
Insurance Agent turns Real Estate
25 June 2024 | 2 replies
I will add we took out a loan to buy the home for 20k along with extra cash to put into our home to make a "home office" out of the attached garage we never used except for storage so we added even more value to our 156k purchase.
Kyle King
Using HELOC to move into next property
25 June 2024 | 3 replies
You could consider doing a cash out refinance of your current primary as an investment property with a dscr loan.From there get a low cost or zero down loan for your Primary.Use the proceeds left from the refinance to get your next property.There are so many different strategies.