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I am wanting to do a cash out REFI but I need a lender to give 90% of the Home Value. Does anyone know who can? Is that even possible to find?
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Investment Info:
Large multi-family (5+ units) buy & hold investment in Colorado Springs.
Purchase price: $785,000
Cash invested: $900,000
This was a syndication with partners. The only parts of ...
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Has anyone seen an example of a lender combining debt with equity on a real estate deal? e.g. is it possible for someone to lend $100k on a deal in exchange for, say 6% interest rate plus 10% share of profits?Related:...
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Hi,I am looking for my first rent-and-hold property.I am analyzing a duplex in the midwest, and it needs a full rehab, down to the studs, plumbing, and electrical. Obviously the price is commensurate with the work it ...
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My partner and I purchased a single family home through our LLC (commercial loan) in October of 2020. At that time, we paid $55k for the home and it appraised for $72k. Since then the market has increased and we put s...
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I have a STR which I renovated using a HELOC on my primary home. Balance is $79k at 7%. No other mortgage on the STR. The STR has been in business now for 8 months. Gross earnings average is $2k per month. Is it p...
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Hi all! Newbie here. I was chatting with my mom a few weeks ago about an area for potential growth where homes are currently under the $50k mark — a.k.a., an area that's ripe for a newcomer like me to invest. I could ...
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Hey all, I have some questions about potential strategies with a rental property that I own in Sumter, Sc. I bought this property in 2012 as a primary residence, however its been a rental property since about 2015. My...
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If I am renting a place to live in, does that count as part of my debt to income ratio when attempting to acquire an investor loan for a rental property?
Hypothetical example:
Income 5k per month
Rent 1.5k per mont...
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Is it possible to buy a house as an unmarried couple together with an FHA 3.5% loan if one of the people in the couple has good credit but no steady income (an entrepreneur, not willing to take a full time job at the ...