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14 March 2024 | 7 replies
If someone pairs this with a VA or FHA loan product they can play this game with low or no money down.
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12 March 2024 | 9 replies
DSCR loan options will qualify you based on the market rent for the property - this can be helpful if you can support projected rent above the mortgage payment.
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12 March 2024 | 1 reply
If so, what type of loan is used?
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12 March 2024 | 15 replies
Even though the manufactured house is pretty much completely updated... the manufactured house was made before 1976 so no buyer can get a loan.
13 March 2024 | 3 replies
A few questions that may help everyone in the forum offer more targeted advice:What is the 67k "non-mortgage debt" is it from a credit card or student loans, what is the interest?
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12 March 2024 | 7 replies
However, the bank indicated they cannot finance the 6-unit property and I would need a commercial loan for it.
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13 March 2024 | 7 replies
It's ideal that you own the property outright because the holding costs on a hard money loan a lot of time is what kills development deals.
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13 March 2024 | 14 replies
Buying under an LLC shifts the type of loans you would be eligible for, and likely rules you out of considering a house hack or using an FHA/VA loan, but opens up different funding options if you have the capital for a larger down payment.
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12 March 2024 | 6 replies
Using the fix and rent loans and 100 percent renovations how much does such a loan costs?
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12 March 2024 | 7 replies
It's the same work to do a $50K loan as a $500K loan so the fees will be higher due to the loan amount but will still be much lower than what a lender or broker gets paid on a higher loan amount.