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14 May 2024 | 21 replies
Portfolio loans generally have higher minimum loan amounts.
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16 May 2024 | 3 replies
I have a very odd situation:I basically bought a house for a friend of mine about a year ago and gave him a 5% interest only loan for the entire purchase/closing/renovation costs.Both he and I would like him to get more permanent financing.But, he does not have a social security number.
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14 May 2024 | 18 replies
Carlos you could do a blanket loan or single asset loans / combination of both and/or sell some them.
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16 May 2024 | 13 replies
DSCR loans can be expensive because of points, etc.
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17 May 2024 | 6 replies
Here's some guidanceon finding your first deal:- Define Your Criteria- Explore Financing Options: Withyour budget for a down payment, you have several financing options to explore.Conventional loans typically require a 20-25% down payment, while FHA loans forowner-occupied multifamily properties may allow for a lower down payment,around 3.5%.
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16 May 2024 | 15 replies
Finding: open for conventional loan.
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17 May 2024 | 17 replies
There are also markets in Indiana that are doing well from an investment standpoint.I live in Florida, and am bullish on the state, but with insurance uncertainty, prices still too high in most cities, I like the markets you asked about more.
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15 May 2024 | 12 replies
For example, they can finance up to 70% of the ARV meaning, if you have a perfect 70% deal (purchase price and rehab are withing 70%) they will cover those cost for you.you will still incur closing cost, taxes, and insurance cost though for example.True 100% financing (ZERO out of pocket) typically requires solid relationships with private lenders or a combination of hard money lender and private lenders.
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17 May 2024 | 34 replies
Insurance companies have any begun to charge more for Philly row homes, and the property assessment continues to increase year after year.
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14 May 2024 | 0 replies
Does anybody know if my father can prove his income to a lender when I try applying for an FHA loan instead of my income?