Warren Foster
Irving ST SE (Duplex)
12 February 2024 | 0 replies
I used my VA loan with this one and the necessary repairs were made to make this property move in ready for me.
Walker Irby
From single family to multifamily
12 February 2024 | 6 replies
DSCR loans look at you liquidity position, credit score, and the rent vs principal, interest, taxes, and insurance.
Dillon O'Connell
How do I get started flipping houses?
14 February 2024 | 21 replies
And my exit plan, if things dont work out is I buy it at the appraised value , move there and rent my current house ( smaller , same class A community) And the cash flow will just about cover the new loan .So before you get into flipping ( with no experience ) look at all possibilities and run different what ifs and have multible back up plans .
Patrick Bergeron
Cash purchase with a quick refi
13 February 2024 | 7 replies
If the ARV is supported, you might be good to REALLY just give it a spit shine and refinance at 3-6 months and you'll be in good shape.I will say, getting a rehab/bridge loan at the start will show (from the lender's perspective) that you did work to it and might help you to get the full refinance of the ARV sooner.
Hannah Troyer
Must I refinance my current mortgage if I turn my primary residence into a rental?
12 February 2024 | 1 reply
No, as long as your loan was an OO loan that provided you live there 1 year then you've met your obligation and can move out with no issue.
Jonah Slove
Time to sell?
15 February 2024 | 95 replies
Leverage the investment with a loan, but keep LTV low around 40% to 50%.5.
Sarah Stapp
Best cash out refinance lenders?
12 February 2024 | 7 replies
Conventional refis require 12 months of seasoning now, so many investors are using DSCR loans.
Mia Thorpe
Lending options for first refurb property
13 February 2024 | 5 replies
"House hacking" or "live-in flip" is the the easier path if your new to REI.Find a property that needs work and qualifies for a loan then buy it under market value.
Alex Sinunu
Finding and evaluating private lending mortgage brokers
12 February 2024 | 10 replies
The loan program finances up to 75% LTV and allows for a seller-held 2nd lien for a combined 90%.
Garrett H.
Cash Purchase Rental Property by Mortgaging Another Property
12 February 2024 | 8 replies
There are option to do it the conventional route, and there are options that does not considered DTI (like dscr loans).