All Forum Posts by: Sean Ross

Yes you can use it in a deal and I advise many realtors to think about using it when selling homes to negotiate. Seller paid buydowns could save everyone money in the long run;.  Nobody can tell you how much a buydown from 8 to 5 would be without knowing the loan amount.

There are limits on fees charged, and how much can be paid based on the type of loan.

You can use your llc as income. Best to have it for 2-3 years showing the same amount of income you want. You also can do bank statement loans showing income for around a year but the interest rates and down payment requirement will be higher. Most conventional lenders will help. 

Reach out to an insurance broker. Sent you a PM with one. 

In my case, we can only do 0% down on primary loans. So getting more 0% in the future will only be the case if you make it your primary home. In terms of scaling and roi ; you will continue to get loans based off of your debt to income ratio. If you put 20k more down , how much are you reducing your debt per year? Does that make sense ?

I run lots of scenarios in excel, with complete amortization tables and income and expense projections and see where my maximum cash return is. In your shoes, it might be reducing your tax burden the most. If you figure 350K is taxable income - higher debt payment could reduce that - furthermore the sale of your primary home can be a non taxable scenario as well. So 100% of the rent could go to covering the mortgage and extra principal, increasing the amount of return on the sale.

The other way to achieve 100% financing is to do a refinance pulling out all the original cash you put in. You are essentially 100% financed. 

good work costs $. There is cement with dye as well that achieves this look. 

You can get it for less than assessed, but there is probably a fair market value they will sell it for. Back taxes from prior owner plus fees is usually what the city or county want. 

They will be happy to get rid of the property and have income from tax payer,

Your credit score and debt to income ratio will be big factors in qualifying. Knowing where you sit, and giving ballpark numbers through a lender or broker should be able to tell you.

A bank wont give you a refinance if the property is listed or about to be listed. Why waste the fees etc anyways if you are about to sell ?

Depending on your income, and credit score, yes you can definitely make that work. give or take , 150k might be around 9-10%+ interest only

Bob at Pheonix Properties in Long Beach It is on redondo ave if you google map it