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 Aug 28. 6 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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DA Clark liked Nick Hubbard's discussion Fix & Flip Loan Program | No Appraisal Needed
Sep 20
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...
"Empowering Entrepreneurs In today's dynamic financial landscape, businesses face unprecedented challenges, and that’s where David WK Lee steps in with Global Alternative Financing. Our mission is to provide tailored funding solutions…"
Aug 28
DA Clark liked Admin's discussion PLAN B FUNDING OPTIONS IS OUR FEATURED MEMBER FOR THE MONTH OF MAY!
May 29
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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