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12 October 2022 | 56 replies
If the rate is too high for you, I am seeing some ARM options in the 6s.
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9 October 2022 | 4 replies
I found a bank with portfolio product 7/1 ARM 4.99% for 7 years and then could adjust up to 2% a year starting year 8 with a Cap of 10.99% Maximum.
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11 October 2022 | 6 replies
Another thing to consider is possibly recording a lien on the property from an LLC (yours) and you as an individual are the borrower.Then you are looking at a rate and term refinance (higher ltv) versus a cash out refinance, but you would have to ask the lender if they allowed arm length transactions like this.
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1 November 2022 | 13 replies
In short, what I'm getting at since your strategy is buy-and-hold, is self-manage.In the beginning, I recommend you learn how to manage your own rentals especially when you have single-digit quantity rentals.
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11 October 2022 | 3 replies
I got a bank out in West Virginia (for a STR venture I was looking at) that was able to do LTV 90% 10/1 ARM with a 6.5% rate.
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12 October 2022 | 8 replies
I'm either getting low LTV allowances or interest rates in the double digits.
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11 October 2022 | 4 replies
There are digital notaries doing closings these days and international notaries extist but I'm not sure what private lending companies would do in your situation.
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14 October 2022 | 30 replies
Simply connect with those that provide rental properties with double digit net caps, in an appreciating market, and allow them to handle all for you.
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18 October 2022 | 16 replies
They only offer ARMs though.
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15 October 2022 | 3 replies
If you get lucky, it will be low single digit would be my guess.