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I'm looking at purchasing an owner-occ SFR for myself for first time in decades and am no longer a W-2. Multi-family DSCR's were much easier to obtain, I'm recognizing. I'm off from meeting the DTI ratio by a ways, a...
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Can I use a hard loan for a buy and hold rental property? Would I be able to refinance it with a conventional loan pay the lender back then rent it out? How would I go about doing that?
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I’m having trouble finding a lender to do a 30 year fixed rate cash out refinance. The lenders I have talked to are only offering 15 year ARM loans right now they said due to Covid. What does that have to do with anyt...
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Can anyone point me in the right direction with a loan officer in Michigan that can help me with my first loan for a fix and flip? Thank you!
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The current interest rate environment has made financing real estate a challenge. It now appears interest rates will remain higher for longer than most expected and decided to use this forum as an opportunity for memb...
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Hey Everyone!I have recently found that I want real estate to be my primary investing option. My first step is to buy a house and I want to house hack by purchasing a home and having my friends live with me. They woul...
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Greetings all,
I'm finding some good low cost, cash flowing
properties in St Louis and on the Il side of the border. Problem is, my usual lenders will not lend on these
because their minimum property value should...
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Hi everyone! I’m not ready to contact a lender, but I’m wondering what terms you’ve been seeing for DSCR loans lately?
Thanks
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Hi all,For those who have not seen the news on this FHA is reducing the PMI rate from 1.35 to 0.85%! This is a significant savings and could mean the difference from cash flowing and not.
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Hello, A few months ago I wrote about how I was done procrastinating and ready to get in the game. Since then I have been viewing properties and today I saw one that I thing the numbers might make sense and I am ready...