I hope people find this write up helpful. I tried to be detailed without getting too long winded, but if I missed something don’t hesitate to ask. I really wanted to highlight the lessons learned on the BRRR strategy ...
Looking at a rehab property. ARV is $150k, repairs estimate $48k currently, cost of home is $85k ( still calculating final offer). Using those numbers, after rehab i get a loan at a 70% LTV this is $105k, $85k to pay ...
Hello,Thank you in advance for your replies and insight. We currently own two houses on one lot. We live in one and rent the other. We have enough equity to purchase another similar property in our surrounding area. M...
I am about to close on my first property and noticed the loan estimate was significantly different than the original I signed. I understand the insurance and third party fees update on the estimate as we pay them but ...
So you buy 1 property put down 20% and move to second and then third and so on. The time will come when banks will stop giving further loans. How to structure deals so banks doesn't hesitate giving you a loan on the 4...
Hey I was wondering how can you get money for costs associated with closing on a house hacks if your initial contacts such as friends and family aren't interested in giving you money so you can get started in investing.
If you are interested in mobile home lending as I am then it is time to face the facts that we cannot continue business as usual. The Safe Act only woke me up to the myriad of laws that we should be complying with an...
I have just spent the last 12 days in hell dealing with US Bank for a loan on a condo investment property. I would steer far far far away from them. Yes, they drew me in with a very low APR and points, but the proce...
We are out of state investors with two investment properties in NW Suburbs of Chicago. We want to expand our portfolio to two digits soon and wanted to figure out the best loan strategy. Currently we have traditional ...
I am chin deep in a 203k and days from closing but my brokerage company has screwed me good. Please continue reading to get the whole picture...Ive been working with a loan officer for months now trying to close on a ...