Vinicius Araujo
Saved 40k: Buy investment property or buy primary home
25 March 2020 | 7 replies
I would encourage you to consider buying a fixer upper if you do go the single family route, especially since you will use the 5% down conventional loan.
Carlos Castañon
Residential Assisted Living as a Real Estate investment
5 June 2020 | 10 replies
Another way is to network while at one of our trainings or the National Convention to find these people from across the country.Gene
Bernadeau C.
Problem financing duplex that is listed as 2 townhomes by county
26 March 2020 | 4 replies
From there, if its truly a duplex (2 units on 1 parcel) then you should be able to get regular conventional financing.
Carson T.
Looking for guidance: refi 2 houses and buy another
24 March 2020 | 2 replies
Both houses have conventional loans from two different banks, and a heloc on the primary that is just about paid off.
Deneuve Brutus
How many showings have you had in the past 10 business days?
31 March 2020 | 48 replies
The govt requires them to allow tenants extensions to make rent payments - their non regulated lenders don’t have to oblige. only conventional loans under government guidelines are required to allow borrowers their own extensionsThis will certainly get interesting
Ivan Figueiredo
Flipping in Atlanta during Coronavirus crisis
30 March 2020 | 20 replies
The deal is as follows:Purchase price: $132,000Rehab: $165,000 (adding 2nd story of ~1,000 sqft; renovation of existing base floor of 1,203 sqft)ARV: $369,000 (based on comps, it could sell as high as $400,000)Profit: $44,000 if I borrow mostly from hard money (I will try to use a HELOC or conventional loan to increase the profit)I have an architect and a general contractor lined up. 3 months of rehab.
Jake Noreau
Providence, RI buy and hold house hack
5 May 2020 | 29 replies
My timeline could be 3-6 months if I went conventional, or much sooner if I went FHA through Rhode Island Housing.
Dalton Wilson
Dayton, OH Newbie Three-Five Year Plan
31 March 2020 | 11 replies
(*Thoughts: Private money seems to be dependent on knowing someone (which I don't), Hard money seems more feasible, VA loan would require the home to be livable (which in turn may reduce much of the potential value add), conventional loan would require less stipulation than the VA loan, and personal credit cards (Not a bad option with 0% balance transfers and commitment to pay down.
Jack Plantin
Buy and hold rental analysis
27 March 2020 | 10 replies
B class city per Niche.Asking price: 89kDP: 20% 17.8kRehab budget: Inside is good condition, but dated. 3-5k for new appliances, fixtures, countertops, etc.PITI: $485Average rent in area: 1-1.2kWith 50% rule that's around $250 a month cash flow.Is it worth it to try for 5-10% conventional loan since it's not distressed?
Trevor Aydelott
Reducing my DTI to get financing
27 March 2020 | 9 replies
@Trevor Aydelott Are you trying to get conventional money?