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24 April 2024 | 5 replies
If you are looking for a generic 80-90% of purchase to fund with a good FICO score for a normal 1-4 unit, you don't need to spend too much time on finding lenders as you have plenty of options.
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22 April 2024 | 10 replies
IF I'm going to make extra principal payments to pay off a "low(er)" interest rate mortgage early (compared to today's rates), my gut reaction would be to pay off the highest interest rate mortgage first.
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23 April 2024 | 4 replies
Are there any true $0 down private money lenders offering pre-approval/financing for properties in the $50-100K range?
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21 April 2024 | 5 replies
None of the traditional mortgage lenders I've talked to so far are willing to do this, as it's more of a commercial loan.
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24 April 2024 | 1 reply
I was recently laid off from my job and have three issues: 1) No way to get a conventional mortgage 2) Need a place to live, and an advantage: sizeable savings on stock, bonds.I want to start investing in RE (ideally multifamilys), but for now I want to start small: buy a condo to live in, and [whenever I buy a multifamily I could move to] rent it.I would like to evaluate my high-level strategy, and get your comments:* [Soon] Get a "securities line of credit" worth around 15% of my savings.
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24 April 2024 | 8 replies
Especially because in 10 years, if you need cash, you could consider a cash out refi, the tenants pay the mortgage, and you just got money tax free.
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22 April 2024 | 7 replies
To start my journey, I have been making my first steps by speaking with a realtor and lender.
23 April 2024 | 8 replies
Include not only the mortgage payment but also taxes, insurance, property management fees (if applicable), maintenance costs, vacancy allowance, and any planned capital improvements.
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23 April 2024 | 11 replies
Should you know of any lender please let me know.Thank you!
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22 April 2024 | 3 replies
Speak with a VA lender for specifics, but you can 100% do it.Good luck!