All Forum Posts by: Udaya P.

Has anyone tried rentalutions.com 

If the requirement for HomeStyle loan is 20% down, what is the difference between HomeStyle loan and conventional loan. 

What are the pros/cons of HomeStyle loan vs conventional loan, with 20% down ?

Thanks

Here is additional information

- Sunroom built with permits

- 4-reason sunroom

- Location - Bay Area

Can you let me know about this ?

Any recommendations/feedback on the sunroom construction companies ?

Does anyone know, how the sunroom will be valued for "appraisal". Does it add to the sq.ft of the house ?

If not, how is the value of sunroom calculated/added to the overall house value/appraisal

Thanks

--uday

I recently talked to my credit union about the same question. I was told that, only the outstanding balance(utilization) is used for DTI and debt calculation. Not sure, if this is correct or not.

What is the major difference, pros/cons of syndication versus crowdfunding, beyond the basics like accreditation, high entry bar($50k min) etc. ? 

I am also looking for any recommendations and feedback on syndications 

I recently checked with a credit union. They mentioned that, only the outstanding balance(utilization) will affect the DTI and not the credit line approved for.

Hi Anitha,

I live in Bay Area, similar to you. I was in same position as you before 2-years. After analyzing and researching for many months, I decided to focus on turn key company(hands off, low returns in short term, but my focus is on long term). So, I first decide to short list the turn key company, than focussing on particular target market. 

So, before 1.5 years ago, I pulled the trigger with one of the turn key companies and made a target market decision, based on turn key company instead of ROI/cashflow/appreciation etc.

So far, I am happy with my decision to focus on turn key company, instead of other factors like ROI/cashflow/appreciation etc

I am sure, many on this forum have different opinions(not to go turn key). This is another way to analyze the location. Just my 2 cents.

I went through the same painful process of losing money to few so-called private lenders/scammers. I learnt my lesson the hard way. 

Now, if anyone offers me loan (or) upfront fee, I would ask to go through "Escrow". If they say 'no', that is immediate red flag and I will ignore that.

Do legitimate and genuine private lenders go through 'Escrow' process ? Is it normal to go through Escrow ?

I heard that HELOC can be revoked anytime by the bank. So, I would exhaust HELOC first, before using my own funds. Use HELOC, while it is available.