Whats up folks? I am looking to buy my first piece of real estate in about a year. I expect my largest obstacle will be my credit score. I am starting at a 600 and working hard to clean it up. A snapshot of my current...
Hey guys,
I recently finished renovating some properties in Jacksonville, FL (Neptune Beach). I had to take out some lines of credit in order to fund the properties which I had out longer than intended due to Covid a...
Hey guys, I am sure this is a naive question-but is getting a loan for an apartment building just as difficult if not more than a home?
I recently talked to someone who told me that on apartment complex loans banks l...
First time home buyer here. Purchasing a home with a 203K and my closing costs are 35K???? Can anyone take a look at this. I’m in underwriting and this doesn’t feel quite right. I went through a broker and the lender ...
I'm looking to refinance a primary home I purchased a few years ago but is now a rental. My current rate is 3.88%, I owe about $240k on it, with a property value of around $400k. I can do a cash out refinance to 2.88%...
Does anyone on the forum have any connections or suggestions for a Georgia lender that can write conventional 30 year investment mortgages under 40K? I have a property under contract at 47K that is a pretty good deal ...
Hello All-I have the opportunity to purchase a 3-property portfolio all with a major chain store and triple-net leases. The main leases expire in 10 years -- and then there is a 3 year rent holiday -- and then there ...
Hello everyone. I was wondering if anyone could lend their advice and give me some general direction towards obtaining my first loan that I will be putting towards 3 single family homes, which will be bundled together...
SCENARIO:Personal credit scores: less than 50011 rental units; 9 located in IL; 2 in PA; gross rental income: $6360 when 100% occupied5 currently vacant in IL1 will be vacant in PACurrent gross rental income: about $2...
Anyone using a guidance line of credit for their acquisitions? I went to my bank yesterday to hash out the details of my most recent brrrr deal, (which went great) and my banker suggested a guidance line of credit whe...