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All Forum Posts by: Rahman Ray

Rahman Ray has started 2 posts and replied 3 times.

Starting Out

Post: Mortgage on a New Build Rental

Rahman Ray
Posted
  • Posts 3
  • Votes 1

I’m using a new build as a rental property. My question is will I be able to take a mortgage out for the cost of the build or will I have to take out a mortgage at what it appraised at? I want to keep the mortgage as low as possible because I will using the VASH program for my tenants.

1 Vote
Indianapolis, Indiana
Starting Out

Post: No cash out

Rahman Ray
Posted
  • Posts 3
  • Votes 1

Thank you, Joe

0 Votes
Indianapolis, Indiana
Starting Out

Post: No cash out

Rahman Ray
Posted
  • Posts 3
  • Votes 1

Hello I’m looking at a bank that offers a rehab loan. It’s list that there is no-cash out allowed. Am I correct in thinking that that’s not a good thing?

0 Votes
Indianapolis, Indiana