2 April 2024 | 24 replies
There are three main types of residential financing out there.Agency loans: Conventional, FHA, VA and USDANonQM loans: DSCR, 1099, Bank Statement, P&L, Asset utilization etc HML/PML: Bridge, fix/flipMost investors who are looking to do value add go with a HML/PML as the lender only cares if the deal makes sense (Is there ample equity in the deal if the investor cannot complete the project, will the value be supported after the project is complete).
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1 April 2024 | 6 replies
Due to the time constraints, you would need a pretty competent electrician, and plumber.I'm not sure what the cost would be, but it might be an additional option l.
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1 April 2024 | 48 replies
Quote from @Nicholas L.: I like @Caroline Gerardo's estimatesa lot will depend on the exact size of the rooms - larger bathroom = higher rehab amount etc.when i hear people saying a 'rehab' for 20K or even 30K I don't know what they meanclean-out, paint, carpet, floor and appliances you're looking at 15K right there - you start adding kitchen, bathroom(s), electrical and you go way upand then there's landscaping, decks, driveways.....it adds up single story 1960's Desoto 1790 square feet is my GUESS, he didn't say... so if larger add zeros
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30 March 2024 | 25 replies
JPMorgan Chase, Nationwide, Honda, L Brands, Huntington, and Amazon are just a few of the many companies that have thousands of jobs in the city.
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30 March 2024 | 2 replies
(I currently have a P&L spreadsheet that has been working great for me thus far), but when it comes time to make important calculations every bit of mentorship along the way will be incredibly important.
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30 March 2024 | 7 replies
Thanks for the insights @Nicholas L.
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29 March 2024 | 5 replies
Quote from @Nicholas L.: @Zeke Nickiei believe partnering is an intermediate to advanced strategystart with a house hack, keep learning from there, and look to partner once you've built up a portfolio / some expertise in somethinggood luckThanks for reaching out.
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29 March 2024 | 11 replies
.: @Joseph O'SullivanDon't forget that the tsp repayment will be counted against your DTI when looking at conforming loans.This is not true for conforming/conventional, FHA, VA or USDA loans.https://selling-guide.fanniemae.com/Underwriting-Borrowers/L...Loans Secured by Financial AssetsWhen a borrower uses their financial assets—life insurance policies, 401(k) accounts, individual retirement accounts, certificates of deposit, stocks, bonds, etc.