All Forum Posts by: Steve Burt
Steve Burt has started 20 posts and replied 63 times.
Post: Closing on my second 4-plex today!
Steve BurtPosted
- Consulting
- Fort Worth, TX
- Posts 65
- Votes 15
@Account Closed
Can you talk about how you managed to put only 3k down? Did you choose to live in the other side as well?
Post: Financing with <20% down
Steve BurtPosted
- Consulting
- Fort Worth, TX
- Posts 65
- Votes 15
Hi all, I am looking to make my first Real Estate investment purchase within the next 3-6 months. I have will have around 30-60k to put down. Would it be possible for me to find a way to get a loan at 85-90 LTV? It seems like some people here have somehow received conventional loans with 5% down which is a lot different than what I have been reading elsewhere.
If this isnt possible, would it be better to try to enter real estate as a hard money/bridge lender in the short term in order to grow the portion of my funds I could use for downpayment?
Post: Financing my first Multi-Family
Steve BurtPosted
- Consulting
- Fort Worth, TX
- Posts 65
- Votes 15
How were you able to be initially quoted a loan with 5% down?