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Hi everyone,This is my first time posting and I had a question regarding DSCR cash out refinancing:Are the DSCR loan amounts calculated strictly on the debt service ratio or does an appraisal come in to play? Reason f...
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Hello all, I'm in need of advice on lending deals: I've been offered a refi (on my existing home) combined with a loan to be used for rehab deal. Im also considering an offered private money loan and a smaller credit...
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Hi all! I am exploring hard money options in RVA and would like to know what to expect regarding costs? i.e. origination costs, appraisal requirements, interest, commitment fees, processing fees, etc. I have a decen...
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I know its all about comfort and do you have enough reserves. I just want to know where everyone else is at if you don't mind sharing. We own $1,075,000. in real estate and owe $580,000. This includes personal resi...
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Hi guys,
I'm asking on behalf of someone I'll post their situation in numbers and tell me what's best for her please, and thank you.
Primary residence worth 3.7 mil has a no adjustable mortgage 162k at 3.5%
Multi...
Hi all,
I'm a new LL here renting my first house (4br) for the first time.
I have an applicant couple moving in together for the first time and have ~6k/mo in combined income. They also have combined debt of about ...
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I'm looking to buy a 2-3 plex in Chicago with FHA and live in it in 6 months. I'm currently only making $30K and living in student housing with my wife (full ride, free housing, sucks but it's free). She graduates in ...
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I have found an opportunity for acquiring 9 properties that all have steady long term tenants in them. These 9 properties have been a part of an 12 property portfolio that fall under a note of an estimated $1.2m, the ...
A little bit of context, a seller has two duplexes side by side (4 units total) and I am looking at seeing if I can use an FHA loan to get both duplexes to loop it in as a quad loan. Is that possible or would the loan...
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Hello all, I am looking at a duplex for purchase. A friend had expressed interest in getting into real estate a while back, so when this duplex presented itself, I contacted him to find out if he would be interested ...