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4 March 2024 | 1 reply
I would consider a HELOC on an existing property and just do cash or a Hard Money Loan that can lend to that low of property price/total loan amount.
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5 March 2024 | 18 replies
You are only putting 5% down so your loan amount is much larger and therefore your mortgage payment.I would consider your net worth ROI.
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4 March 2024 | 9 replies
My entire 33+ year career has been filled with loan requests from people wanting to buy a home using ARV instead of LTC and get a check back at closing.
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4 March 2024 | 15 replies
The easiest way to initially figure out if a deal is a good deal or not (for fix and flips) is by doing the formula every lender uses to qualify a loan (70 to 75% maximum of the ARV).
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4 March 2024 | 71 replies
The loan is secured by the property and I doubt the lender will release the loan unless you pay it off.
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4 March 2024 | 5 replies
Im a first time home buyer, no existing debt, self employed, bring in average $4k monthly, looking for a conventional fixed rate loan in PHX or surrounding areas.
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4 March 2024 | 4 replies
You can do this after you close on your property just keep in mind not all loan programs allow to close or Quit claim into an LLC.
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4 March 2024 | 29 replies
Or seek a renovation loan or personal loan from a lender?