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29 February 2024 | 8 replies
I would look Into creative financing or DSCR loan.
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29 February 2024 | 0 replies
We leveraged the land and got a bank loan for $1.6 Million.
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29 February 2024 | 4 replies
Otherwise you are opening the door to pay transfer taxes and likely originate a new loan.
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29 February 2024 | 7 replies
I never heard of this type of loan.
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29 February 2024 | 9 replies
Keep in mind that any traditional lender will have rules and limits for how much the seller can finance in addition to their own loan, so unfortunately it's not possible to combine the two for 100% financing or anything close.John
29 February 2024 | 5 replies
I have been reading Long Distance Real Estate Investing - David Greene, and came across an interesting tidbit of information: Your first 10 (1-4, 5-10) property loans are Fanny Mae insured, after which your loan criteria become more unfavorable (variable rates, stricter credit score requirements etc.).
29 February 2024 | 2 replies
You save loan fees.
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29 February 2024 | 8 replies
What kind of loan are you refinancing it into?
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29 February 2024 | 2 replies
I also can’t use a FHA or any loan that requires me to stay in the unit for a year.
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29 February 2024 | 7 replies
It is still considered residential if you choose to go that route, or you can go DSCR loan.