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23 January 2025 | 7 replies
If you Bank/Lender does not allow it you can refinace the mortgage into a DSCR or true Portfolio loan program.
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30 January 2025 | 10 replies
I ran my own custom proforma for a bank loan using the asking price that would generate a cap rate over 10% and CoC just under 20%.
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6 January 2025 | 11 replies
The LTV of the loans I’d conservatively gauge at about 35 percent.
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25 January 2025 | 7 replies
Hey Makani, you should check out DSCR loans, which are primarily for investment properties and focus on the property’s income potential rather than your personal income.
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26 January 2025 | 5 replies
If it is with HUD, did they foreclose or is HUD servicing the loan?
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20 January 2025 | 1 reply
I've helped people with SBA loans to purchase real estate for a business, but for buying rental real estate, the DSCR loan is a much better option.
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19 January 2025 | 7 replies
Quote from @Vince Scipione: Standard would be an FHA loan for your situation more than likely.
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24 January 2025 | 42 replies
@Steve Powers is correct that these were mostly originated as owner occupied loans.
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19 January 2025 | 5 replies
Is there a pre existing loan with that bank with either of you?
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3 February 2025 | 15 replies
More doors the better if you are using an FHA type of loan.