Michael Dunn
The current % down that is required for Conv. Financing.....
and is the required % down that's required, based on credit score and DTI ? My reason for asking is, I have been hearing and reading that you can get a Conventional loan for 5% down. Well that sure beats having to co...
Rene Hosman
I can easily and consistently track my rental property cash flow each month.
I’m always looking for ways to measure and track my money, my progress, and my success. Until recently, I’ve been doing so on a series of notes and spreadsheets and it’s been a super manual process with a lot of room ...
David Smith
$1M down for $4M multifamily
What else do lenders require? Management history , personal networth/ guarantee, rental income history ?About $25—100k per unit , $4M can buy something in PA ?
Christopher Abele
First Investment Property (SFH w/ questions!)
Me: $85k in 401k, $18k cash, $5k liquid investments (Robinhood). Credit score 780. Owe 100k on primary. Started the refi last week and will need $7k ish cash at time of close. ($3.5k or so is escrow which will be refu...
Account Closed
Obstacles to "Sub-2" foreclosure rescues in NC
Greetings from Asheville, NC.I apologize if there's already been a posting on this subject. The forum needs a search engine. I've also posted this in a Greensboro, NC local forum with about 5 members.I've just run int...
John Dean
Seller Financing / loan servicing
Hey all!
I plan to sell my SFH rental. But my plan is to pay off what’s left to own it free and clear and do seller financing. my plan is to offer 15 or 30 years at a normal rate that someone could get from the bank ...
Hassan Muhammad
What are commercial Multifamily loan requirements/qualifications?
Greetings ALL!Im a new investor looking to collect 70 commercial multifamily units!My question for you is: What are the qualifications that need to be met in order for a commercial multifamily loan to be granted? (I d...
Vikki Hooks-Bell
Raising Capital/Financing Foreclosure
What are various ways of coming up with the cash for a foreclosure bid? Should I take the time to search why a particular property is in foreclosure? Also, what's your experience with the foreclosure experience? Do yo...
Chris Herman
Financing after 4 homes
My wife and I are on our third mortgage, two of which are rental properties. Our loan officer at a well known commercial bank tells us that we need 6 months of reserves for each mortgage after the 4th house to be app...
Eric Hathway
How to provide proof of funds to seller when I have line of cred
This is my first BRRRR. I'm offering cash on a foreclosure and the seller wants proof of funds. I have a home equity line of credit which I set up for this purpose with a more than sufficient limit.Should I provide th...