All Forum Posts by: Anthony Freda
Anthony Freda has started 5 posts and replied 9 times.
Post: Down Payment Financing
- Posts 9
- Votes 3
Quote from @Randy Rodenhouse:
Typically, if I don't have the money saved to put down then I would not do the deal. However, one way to get deals done is to have the owner finance a portion but they would have to subordinate to the first since the primary lender would want to be in first position. Another way is to use funds from your IRA (if you have a self-directed account) as a down payment and then get a non-recourse lender to finance the rest.
Thank you, I wasn’t clear in my post but I was referring to creative finance really
Post: Down Payment Financing
- Posts 9
- Votes 3
Quote from @Bob S.:
Quote from @Anthony Freda:
What is everyone's favorite method to finance down payments?
NONE, if you do not have a DP the bank is not going to lend you nor will a PML, If you find a deal simply show it to someone doing deals, . You will earn a fee, save learn then go on your own, exactly how I started about 10 years ago,
Good luck
Post: Rent-by-the-room Management Strategies
- Posts 9
- Votes 3
I have a college right down the road, what did you do/say to partner with them?
Post: Rent-by-the-room Management Strategies
- Posts 9
- Votes 3
I know about PadSplit, but how else are people managing rent by the room properties at scale? The work compounds quickly
I am buying my first house hack.
I’m almost at closing and the appraisal says the stove in the mother-in-law suite is not up to code and needs to be removed before closing.
Is this whole deal dead? If not what can I do to resolve?
I am buying my first house hack.
I’m almost at closing and the appraisal says the stove in the mother-in-law suite is not up to code and needs to be removed before closing.
Is this whole deal dead? If not what can I do to resolve?
Thank you Mike
for those people who have done subto deals. Can you explain why it is more beneficial to leave the mortgage in their name instead of transfer into your own? the payment and interest rate would be the same regardless if I am not mistaken
Post: Track rental and Airbnb statistics
- Posts 9
- Votes 3
How can I track if airbnb’s are successful or not successful in any given location. Same question for regular rentals. And is there a place I can find the information for free? Any responses would be greatly appreciated.