Hello, Just getting started in the rental property journey. meaning, we started an LLC and put one offer in on a property. Does anyone know what this entails?
This property is approved for homepath mortgage & Renovation Mortgage Financing.
They say as low as 5% down and I know the SFH requires alot of work, but I'm curious what the terms could be.
You put an offer on a property before you have any idea what the financing terms might be? How do you know the property numbers make any sense if you don't know the financing terms?
This doesn't seem dangerous at all...
NO, you are making an inaccurate assumption. I am merely asking if anyone has dealt with it in the past.. Never said I put an offer in