All Forum Posts by: Dominic Pizzi

Rates are only part of the picture. I would suggest also taking a look into the properties you are actually viewing and the areas you want to invest into. You need to look at the taxes, the insurance, the rent you can get. You can find a great cash flowing property at any interest rate. We all need to shift our thinking away from what the interest rates are like and take a bigger look at how well the property will cash flow as a whole! 

You can wait, but what you will see is as soon as you wait too long for the interest rates to go down, house prices will go up, or the supply will go down and the demand will go up, and then you will be worrying about the price of the property and not the interest rate. 

Send me your email, I believe we can help you out on this one!

Hey Nat!

I think the FHA would be useful if you are considering the possibility of renting out the house you currently live in to go and buy this property. You can put 3.5% down on the newest property, live in it for a year and then refi into a long term loan again as you can't hold multiple FHA loans at one time. You could also do a refinance on your current property and use additional funds to purchase many investment properties, there seemingly is a lot of options at your disposal!

Hey Apsu, depending on FICO score, experiences, and the type of deal you are doing (Fix and Flip or DSCR rent ready transaction) you are more likely to get 15-25% as a down payment option.

Hi Cheryl! Send me a message, would love to help you out!

What's the asking price?

I would make sure you are covered in a written contract in some way. Written contract leaves no room for misinterpretation on the potential sale of the property regardless of the situation. I would talk to a real estate attorney on how to best approach it with the seller. 

Hey Mehul! Happy to connect, please reach out if you have any questions at all! 

If the married couple both want to be on the LLC, I would make one partner 81% and the other 19%. This way works when you speak to lenders as the majority holder is the only one whose credit is run and/or put on the loan while the other still have some ownership in the LLC without having enough percentage to be a primary decision maker!

Hey Mandy!

Give me a call, we close in Florida very often! Would love to help you out in any way we can!