Jeff, if you are a first time multifamily investor but have a partner with 20 years experience. Would that cover the first time investor hurtle for DSCR loan
Hi, I would like to know if is a good idea to refi a paid off house that is generating 1,400 a month to use that money for a down payment on a 5 unit complex? Thanks ahead
So is the reserve paid to you or deposited in my account?
The reserve is just money left over after a transaction is done. No deposit to me. 👍
very good video I have a cash out coming up for a 6 family
Thank you! Happy to help!
If I'm looking to buy a multi family that is 7 units but have am a first time investor, what are my options?
Options are very limited. Do you have a large down payment? And do you own a primary residence?
Jeff, if you are a first time multifamily investor but have a partner with 20 years experience. Would that cover the first time investor hurtle for DSCR loan
Yes it should. 😀
Hi, I would like to know if is a good idea to refi a paid off house that is generating 1,400 a month to use that money for a down payment on a 5 unit complex? Thanks ahead
It depends but probably a good idea. Happy to run numbers with you. 😀
@@JefftheMortgagePro I would like to.