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All Forum Posts by: Caleb Steinbacher

Caleb Steinbacher has started 1 posts and replied 3 times.

General Landlording & Rental Properties

Post: Third party service that collects rent in cash

Caleb SteinbacherPosted
  • Posts 3
  • Votes 0

Rent Manager supposedly signs you up with PayLease. I have no experience with either, but they say they do offer it.

0 Votes
Private Lending & Conventional Mortgage Advice

Post: Tricky Finance Situation

Caleb SteinbacherPosted
  • Posts 3
  • Votes 0
Originally posted by @Ryan Howell:

Have you talked to the seller about carrying the note for you?  

 Yeah. They're not at all interested in that idea. It's unfortunate because once renovated, it'd be an easy refinance.

0 Votes
Private Lending & Conventional Mortgage Advice

Post: Tricky Finance Situation

Caleb SteinbacherPosted
  • Posts 3
  • Votes 0

I have a rather good deal on my plate, I'm just trying to find a way to get it financed. $80k triplex offered for sale to me for $40k (to me privately), needs about $25k worth of work. Currently fully rented for $2,100 / month.

I have a terrible FICO, but decent income. My partner has a good FICO, but not great income. Where can I get a loan for $65k? I'd be fine with anything at this point. Lowest cash to close possible. 203k would be an option, however, we want to DIY the majority of it and are not licensed contractors.

0 Votes