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What kind of interest rates are you seeing on SFH rentals? My local bank is quoting a 4.025 for 30 year fixed selling it to Fannie Mae. Credit score of 800+. What is everyone else seeing?
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I have been considering waiving application fee if applicant supplies credit karma report. Has anyone tried this? Am I overlooking some unintended consequence?
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Hi everyone,Is it possible for a new investor (with no experience and have no job) to get a business credit line? The only thing I can show is the money I have in my checking account. I am planning to use BRRRR strate...
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Newbie here looking to structure first rental.Scenario: I owe 229k on my personal residence house. It is currently valued at 390k. The 70% LTV would be 273k. It needs 10k of work. I have another house I would lik...
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I have a prospective tenant who is 80 years old with parkinsons. Her husband is around the same age with cancer. I have already run a credit check and everything is essentially perfect. They are a very nice couple, an...
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So here's my question: If you are in a private deal with a seller, no realtors involved, and the home value is X, but you're able to talk the seller into selling for Y, which is less than X, would you then be able to ...
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Hello all,
I stand to inherit a home that has about 15,000 dollars worth of tax liens on it. The property is worth about 360K and is otherwise free and clear. I won't be able to take over the property unless I take i...
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What kind of conventional mortgage rates are you guys getting right now? I'm working on getting my first investment property and have been pre-approved with Quicken (I have my primary residence mortgage with them) an...
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I know I won't be very attractive to mainstream banks, so I'm looking for other options to obtain financing for my first property. I make between 30k-36k per year, with a DTI of about 30%. I have 15k saved for a dow...
Ok, scenario - I own a house with a conventional fixed-rate mortgage at 3.5% rate. For simplicity, lets just say I owe 200k on a house. Now, I want to sell the house to my cousin for 200k using a wraparound mortgage...