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Ready to start shopping for my first investment property. Thought I would start by asking about the financing end of things...
Started this discussion. Last reply by WKL David Aug 28. 6 Replies 2 Likes
I own the house I live in (really my mortgage company does) and I think it is time I start investing. I am posting because I want to start looking but I have questions like how much down will I need,…Continue
Tags: investmentproperty, investor, beginner, rentals, payment
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"Hi DA Clark :
Visit our US official company website below and apply online directly for your related funding request:
https://davidallencapital.com/?refcode=102714544
David…"
"Just letting all know that I now have my lender and am about to start shopping for a property. Thanks to everyone that commented and sent direct messages to me. It was good to see so many wanting to help with this."
"Hello DA, Monty's comments are spot on. Also, keep in mind, other than the 20% down, you'll need about another 4-5% in loan fees, underwriting/processing and closing costs. And, you'll need to have about 3 months of PITI…"
"Hi Mr. Clark.
My name is Monty Yeager. I own this website. Here are answers to your questions:
20% is all that is required to purchase a single family investment property.
Rate for a DSCR loan (debt service coverage ratio) would be 7.375% as…"
Ready to start shopping for my first investment property. Thought I would start by asking about the financing end of things...
I own the house I live in (really my mortgage company does) and I think it is time I start investing. I am posting because I want to start looking but I have questions like how much down will I need, range of potential interest rates, should I rehab or purchase something ready to be rented out? My qualifications are that I have a salaried job where I have worked for 11 years and gross $110k a year, very little debt other than my mortgage, freecreditreport.com says my scores are 717, 702, 753. I…See More
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- Company name and description
- I plan on buying my first investment property this summer. Just here checking out funding.
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