Cedric Brenneman
Getting pre-approved for a loan
27 March 2023 | 8 replies
not if you occupy this property because the sole purpose of a DSCR loan is a rental product so the mere mention of DSCR implies non owner occupied plus DSCR lenders dont like borrowers who dont atleast own their primary residence first (some rare DSCR lenders will not require you to own something but most will want you to own your primary first to be eligible).The above is clear cut and unedited version of the guidelines so most of the other stuff posted is a truth albeit a partial truth, convenient, but with out context.If you have questions feel free to reach out and we'll address any other questions you might have.
Scott Chauncey
What is allowed under De Minimis Safe Harbor
27 March 2023 | 5 replies
Would I just label all eligible expenses as such?
Anthony Lewis
New to Real Estate
27 March 2023 | 6 replies
One of the best is the Neighborhood Assistance Corporation of America (NACA).NACA was formed in 1988 and provides an affordable option for potential first-time buyers:✅ No down payment✅ No closing costs or fees✅ No mortgage insurance✅ No consideration of credit score✅ Below market fixed interest rateThere are several requirements to be eligible for the program, starting with attending a local or virtual workshop.NACA.com…you can get your first set of keys in 2023!
Vinny Incognoli
Self directed 401K to purchase real estate
27 March 2023 | 5 replies
You have to be self-employed and no business you own can have any full time employees to be eligible to open a Solo 401k.
Nick Louie
Househacking in the mean streets of Fordham, Bronx worth it?
20 December 2021 | 23 replies
If you plan to hold on to this property long-term, think of the fundamentals:1) Transportation - being near a transit hub is incredibly valuable.
Johnny Scott
Are there lenders that will work with a 644 fico
7 March 2023 | 21 replies
For reference, here is the Fannie Mae Eligibility matrix and it might help you when you expand on your question.
David Ronka
Should I pull the trigger?
6 March 2019 | 25 replies
I think you are making a fundamental error here which both @Brent Shields and I have hinted at.
Kenneth Bentley
Self Directed IRA Funds
16 March 2023 | 19 replies
Solo 401k has several advantages over SD IRA so if you are eligible for one - I don't see any reason why you would go SD IRA route.
Julio Gonzalez
Is Your Real Estate Project Eligible for Grants?
27 March 2023 | 0 replies
Grants from government entities are an excellent economic tool as they help financially support projects, ideas and businesses that have the goal of creating public and social value.Who is eligible for these grants?
Account Closed
Can I rent out a USDA Guaranteed Loan SFH?
23 March 2023 | 2 replies
Katheryn,First why USDA and second have you searched the property address on the USDA Property Eligibility Map to see if it qualifies?