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5 July 2024 | 4 replies
You will need 20-25% down and a commercial loan for the rest.Most lenders will want to lend to an LLC with you personally guaranteeing the loan.Typically, each MFR would be purchased under its own LLC, for liability purposes.Each LLC would then also need its own bank accounts for collecting rents and paying expenses.
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6 July 2024 | 16 replies
I am a loan officer if you need assistance with any of the financing things I mentioned above!
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5 July 2024 | 6 replies
You can also structure the loan to give you a little extra cash flow in the first couple of years.
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7 July 2024 | 36 replies
Jude Children’s Research Hospital provide economic stability and job growth, attracting residents and supporting the housing market.
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4 July 2024 | 11 replies
The pay at it was so low it wasn’t helping provide down payment money but it did cover my cost of living.
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1 July 2024 | 8 replies
I've been living with my parents and I am planning on getting an FHA Loan to purchase my first home.
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5 July 2024 | 5 replies
If there is an existing mortgage in your name it should be disclosed that your name will stay on the loan for possibly a very long time.
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3 July 2024 | 4 replies
I am currently still in school so I am relying on my good credit score and loans to get started.If anyone has any good tips to point me in the right direction, all are welcome!
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3 July 2024 | 6 replies
You should read about the pros and cons of 203k loans.
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5 July 2024 | 0 replies
I have several loan originators willing to host a webinar to showcase what options they have available as well as field questions.