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Hello, I’m looking to buy a STR property with a loan and I’m wondering about advice for the type of loan. I’ve been given quotes for everything from 5 year ARMs, 5 year ARM IO, to 7 to 10 years of both of those on up ...
I'm so so so close to financing my first property! The only hold up is the age of my credit history. It will be best to better position myself for the next step, While I linger in limbo, yet the realtors and financier...
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Hello, My wife and I are buying our 3rd and 4th "doors" (same property with a single family and an apartment). Owner financing. Are there advantages (for acquiring bank loans in the future) to getting the loan/deed i...
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As most of you know, one of the Fannie Mae requirements for financing properties 5 to 10 is that you need a credit score of at least 720.
The trouble I am running into, is that the more properties I purchase the lowe...
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What do you think? Good deal or a pass?
The numbers:
Seller wants $2 million dollars.
6 units are 1 bedroom and 1 bath and rents are under market by around $500 to $600 each.
There are 2 : 2 bedroom and 1 bath...
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Yesterday a somebody told me that he could have bought an apartment building in my city during the lockdown with almost 30% discount because the buyer needed liquidity urgently. This rose up a question in my head. I t...
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How do I get started with bad credit? Do I need to wait until I improve my credit score before I can start? I've heard about getting owner financing and lease to own, are these the only ways to get a start?
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I’m a new investor in the St. Louis area but haven’t bought my first property yet. I’m looking mainly in the South City area for a multi-family, cash flow property. My biggest concern is that almost all the properties...
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Link: http://www.mortgagenewsdaily.c...
March 11, 2021
"The letter focuses on thenew 7 percent limitation on acquisitions of loans secured by second homes or investment properties. All limits are measured as 52-wee...
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Hi all,
I figured out try to add some value to someone's day. If you are curious where commercial rates are on any given day in the Boston area, a good place to start is to head to FHLB and check out there rates for...