Colby Sykes
Next step to take for investment portfolio
9 April 2024 | 2 replies
Given your situation, tapping into the equity through a HELOC could be a smart move, allowing you to access capital for new investments without selling off your current assets.That being said, considering your stable cash flow and existing portfolio, a DSCR loan could also be valuable.
Pranav Parikh
Insurance experts for Short Term Rental/ 2nd home
9 April 2024 | 13 replies
They are an online insurer specializing in insurance for investors and investment properties.
Tyren Robinson
Newbie Seeking Growth
10 April 2024 | 8 replies
We used Catalyst for a Hard Money Bridge loan right into a Conventional.
Suzanne Johnston
Single family with manufactured home on property
9 April 2024 | 1 reply
Apparently I can’t count income from mobile home and income from storage units changes the type of loan and the property won’t cash flow with just the income from the single family.
Lily Aldridge
What are closing closing cost?
9 April 2024 | 2 replies
One strategy I like to do is build in seller credits into my offers so the loan covers the closing costs, e.g. if you wanted to offer $500K for a property, offer $510K with $10K towards closing costs and that $10K is supported by the loan and can be used on the costs I mentioned above.
Justin Ake
On seller side of seller financing
9 April 2024 | 11 replies
It's far harder to qualify for conventional loans if you're a business owner or self-employed and that equals opportunity.When I look at doing a potential owner finance deal the most important thing for me is skin in the game.
William Coet
Offering on Land: How To Get Time For Due Diligence To Research Solar Companies
9 April 2024 | 2 replies
It's just like buying a house, as far as someone may ask for 2 or 3 weeks to do their inspections and get their loan approved, and then once that time period is over, then their deposit goes hard (nonrefundable) and they move towards a close.
Shivam Patel
Would you recommend investing out of state for a beginner?
12 April 2024 | 36 replies
You're already in a cashflowing market, find that 3-4 unit and house hack it with 5% down conventional (borrow the other 95% LTV loan to value) and make sure the numbers work before you get into it.Even if they dont work while you're living in unit #4, you can hypothesize the proforma cashflows with your unit's income upon your vacating that unit after month 12.
Suraj Thapa
Furnished Finder in St. Louis (near hospitals)
8 April 2024 | 1 reply
Hi @Suraj Thapa, I would recommend doing as much online research as you can to see what is currently on the market.
Selina Giarla
ISO Lenders: 30 Yr Fixed or......10/1 Interest only ARM?
8 April 2024 | 35 replies
More info here:DSCR loans won't use your income to underwrite the loan.