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I am getting a DSCR loan to buy a STR. My question is if the first DSCR loan is 9% and 5 years from now the rates drop to some lower rate like 6% can I get a new DSCR loan at the 6% rate to replace the higher DSCR 9% ...
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Heard Los Angeles' city council is helping sponsor ZeneHome for LA homewoners? Can anyone confirm this? Apparently entering your home address on ZeneHome will be able to pull all things relevant on your home - from w...
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Hi All,I bought my duplex in 2019 which was a house hack. I already refinanced to take advantage of rates. The cashflow is great and I’m locked in at a 3.2% rate. The problem is I want to grow my portfolio into the sh...
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Hi everyone. Need some advice from lenders as well as experienced investors. I am getting ready to choose my lender from several I spoke to. Should I choose only one lender to qualify me or more than one? How will...
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I always see so many questions about turnkey properties, long-distance investing, and BRRR’ing properties so I thought I’d share my first investment experience since it consists of all these things.
Details:
Purchas...
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Currently in the process of getting financing. Going to be a owner occupancy conventional, so only need 5%, I’m on board!Lender tells me they can’t use rental income because I don’t have 2 years rental history...Now m...
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Hey all,I’ve been having an extremely hard time finding a lender for my situation. I have 3 properties that are owned free and clear however the values are less than $75,000 each which most lenders will not do a portf...
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Kansas City Investors & RE Professionals,What is your Recommended / Best Website(s) to Research Comps in Kansas City, MO Market? I am not a Licensed Agent. I am from another State.Thank you in advance,Mike from ...
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I have a house I bought last year for 40k, and want to pull the cash out so I can put it into other investments. The two issues I have been having are:1) The closing costs are so high that it seems not worth it to pul...
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Finished up rehab #5 (a flip) and got it sold last week.I closed on it Dec 31. Rehab was cruising a long during the first part and we thought we'd be completed early. A few weeks into the project a guy tracked me dow...