All Forum Posts by: Alex Hunt

$200k down can get you a $1 million mortgage/ purchasing power! So the markets aren’t very limited here, depends on what asset type you’re looking for or long term rental vs short term. 

Happy to connect further!

Happy to connect on any lending questions!

Happy to connect on any lending questions!

At this current point in the market I would look more at a prepayment buy down instead of a rate buy down, as you most likely won’t keep the rate you get now for the term of the loan. 
For the points available do you mean that you are allowed to buy down? Or what you’re being charged? Either combine into the same top line figure essentially, with the Max varying per lender but typically 4.25% max 

Happy to run through this further!

I would stick with 1-4 units starting out. Have to think when you have say a duplex, 2 units. If you have 1 vacant unit, you still have incoming rent from the other. If a single family is vacant there is 0 income. 
there’s still some turnkey properties that can cash flow from day 1, very hard to find but possible. Seems you’re looking for appreciation with steady income and that’s a good approach in this current market state. 
Happy to connect and see what you could qualify for! 
Rentals loans/ DSCR loans are typically 20% down

Conventional cashout will be DTI based, DSCR is based off the cash flow of the property. Typically with higher loan to value, bit higher rate.

Happy to chat further! 

Is this a rental property or a 2nd home? If rental property, 70%CLTV

If 2nd home, up to 80%CLTV.

Happy to chat further!

If you are looking for a construction loan on this, happy to take a look!

Happy to take a look if you still need it!

@Bob Willis Familiar with the underwriting for this & happy to help on this. Send a message.

@Mike Grudzien Happy to help on an DSCR and we also help train brokers in this program so they can speak on & guide better on it, Great product to have.