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Started By
Message
re: Investment Property Loans
Posted on 7/7/22 at 8:18 pm to Im4datigers
Posted on 7/7/22 at 8:18 pm to Im4datigers
Sweet going to email you tomorrow
1
Posted on 7/8/22 at 10:06 am to TheOcean
quote:
This is important. If it’s a single family home, put the house in your name and finance it that way. If you’re worried about liability, claim the house back into a LLC or trust after some time of making on time payments.
If's its a 1-4 family property (1 to 4 units) you can do this. HOWEVER, keep in mind that if you transfer it into an LLC after you purchase it in your name, if you ever want to refinance the loan you're going to have to transfer it back into your personal name and there is then a 6 month seasoning period before you can refinance. That changes from time to time I believe, but right now you wouldn't be able to deed it back from the LLC to your personal name and refinance right away.
Posted on 7/8/22 at 10:59 am to Im4datigers
quote:
email me if you want me to run some ballpark quotes for you. Lnobles@redstickcapital.com
I'll be sending you an email over the weekend as what you mentioned may be something that works for me.
TIA
I assume you are BR? I am in Lafayette
This post was edited on 7/8/22 at 11:00 am
Posted on 7/8/22 at 1:30 pm to ThatsAFactJack
I’m actually in N Virginia, but used to live in Baton Rouge, work for a community bank down there, went to lsu etc etc. I just still have a ton of contacts down there so I do a lot of business down there.
Just email me and I’ll run with it.
Need:
Property Address
Purchase price or existing loan amount (if refi)
Monthly lease amount (or market rate)
Annual Taxes
Annual Insurance
Annual HOA
Estimated Credit score.
Just email me and I’ll run with it.
Need:
Property Address
Purchase price or existing loan amount (if refi)
Monthly lease amount (or market rate)
Annual Taxes
Annual Insurance
Annual HOA
Estimated Credit score.
Posted on 7/8/22 at 1:37 pm to PolarPop5
Depends if you want to keep it under your names or an LLC- If you do a conventional investment, most likely in the 6s. If you do an LLC there are various options. You could get qualified on the cash income of the rental. Pay with cash and then put it under an LLC after. Investor rehab or blanket loan. reach out if you want a quote on any of these or want more details. There is a great financing market for them right now. username @gmail.com
Posted on 7/13/22 at 3:01 pm to Im4datigers
Know anyone in the Birmingham area? Have a small 8 unit property and have been trying to find 10 year term amortizing over 30 years.
Posted on 7/13/22 at 7:00 pm to PolarPop5
quote:If you're considering a duplex you can qualify for a FHA loan as long as you don't have one already, and as long as you plan on occupying the duplex(one side) for at least 1 year. Minimum money down to make a great COCR.
I am considering a Duplex.
This post was edited on 7/13/22 at 7:01 pm
Posted on 7/13/22 at 9:40 pm to Aug1
quote:
Know anyone in the Birmingham area? Have a small 8 unit property and have been trying to find 10 year term amortizing over 30 years.
I got you. Shoot me an email tomorrow at Lnobles@redstickcapital.com.
May even be able to get a 30/30 on multifamily.
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