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I see a lot of questions about financing and starting out and thought this would be a good discussion to start.
Like the subject says, how did you finance you first deal?
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Hi everyone. Any advice appreciated here for my first purchase!
I just wanted to see how specifically you would recommend financing this deal. Purchase price is $113,500 with approx $20,000 in repairs. ARV of $165...
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My name is George O'Neil. My main core of business is running a residential and commercial mortgage bank. I also handle developement projects nationwide. If anybody has any questions I have no problems trying to help ...
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I thought I had done all of my homework - the works: Months of research, an LLC set up, attorney, mortgage broker, accountant etc... etc... I have excellent credit (788). My personal residence currently has right at 2...
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1st they gobbled up homes by the truckloads in certain markets (bigger homes, which don't cash flow that well but research shows vacancies are at 4-5 years) and now introduce loans to landlords to further flood the...
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I have been offered private financing 5 year arm amortized over 30 years at 3%. I have to put 10% down up to $120k. Your thoughts on this?
Second, what would be best to hold and rent. Townhouse, condo or single famil...
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I had a real estate agent in Albuquerque take me around to see a few properties available there. I saw a foreclosure that looked interesting, but in the description it said that the property was eligible for 203K or H...
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I'm trying to buy this single family home through seller financing, this would be my first investment property deal. Renters are already in place, home is turnkey except for new carpet that the seller will put in. I s...
Here is my scenario:
My bank requires a 25% downpayment.
The seller has agreed to finance the downpayment.
The bank requires the downpayment come from my own funds.
I don't have nor want to use my own funds.
How ...
I have the cash to purchase most of the properties that I want to make offers on and I also have a preapproval letter from a reputable known HML that says that I have more than enough cash for their required down paym...