DA Clark
  • Little Rock, AR
  • United States
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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 May 10. 5 Replies

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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WKL David replied to DA Clark's discussion Ready to start shopping for my first investment property. Thought I would start by asking about the financing end of things...
"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…"
May 10
DA Clark replied to DA Clark's discussion Ready to start shopping for my first investment property. Thought I would start by asking about the financing end of things...
"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."
May 9
Martin liked DA Clark's discussion Ready to start shopping for my first investment property. Thought I would start by asking about the financing end of things...
May 6
Simmy Ahluwalia replied to DA Clark's discussion Ready to start shopping for my first investment property. Thought I would start by asking about the financing end of things...
"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…"
May 6
Dr G liked DA Clark's discussion Ready to start shopping for my first investment property. Thought I would start by asking about the financing end of things...
May 5
Admin replied to DA Clark's discussion Ready to start shopping for my first investment property. Thought I would start by asking about the financing end of things...
"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…"
May 5
DA Clark posted a discussion

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
May 4
DA Clark liked Richard Milford's blog post FINANCING FOR 1 TO 4 FAMILY INVESTMENT PROPERTIES NATIONWIDE 600 CREDIT SCORES AND ABOVE
Apr 8
DA Clark is now a member of Real Estate Finance
Apr 7

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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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