[HLS]

Standard guidelines for “investment” are a minimum of 20% down.
There is a higher cost than if you put 25% down.
If you put 40% down you get the best pricing.

Loan limits are based on county and property type.
From 1 to 4 units.

You will probaly need at least 6 months of “reserve assets” of property expenses including property taxes & insurance, which can include vested interest in most retirement accounts figured at 70%. Doesn’t have to be cash, just semi-liquid net worth.

Houses, duplex, triplex and 4-plex are easier to finance than condos.

I HIGHLY recommend against buying a condo as an investment.
Without 25% down, condo loans have a pricing hit even if it is owner occupied. Many condos cannot be financed at all and prices will plummet to a reasonable cash pricing level.

By buying down the rate, loans are available for investment properties at the same rates as primary residence loans.
Currently rates are as low as 4.25% 30 YR fixed, but 4.375%-4.50% is a reasonable choice at the moment. IMO, It is WELL worth buying the rate down if you plan on keeping the property long term.

You may need to qualify without using any rental income and credit score is a factor in pricing the loan.

There are many variables. Some lenders will not lend on investment condos at any level, others will not lend to anyone without a 2 yr history of landlord experience.

IF you qualify, there is a boatload of money avaialable. Refi rate options for investment properties are the lowest that they have ever been!

You can contact me directly if you have any specific questions.. http://www.HomeLoanSheldon.com

[HLS]

Standard guidelines for “investment” are a minimum of 20% down.
There is a higher cost than if you put 25% down.
If you put 40% down you get the best pricing.

Loan limits are based on county and property type.
From 1 to 4 units.

You will probaly need at least 6 months of “reserve assets” of property expenses including property taxes & insurance, which can include vested interest in most retirement accounts figured at 70%. Doesn’t have to be cash, just semi-liquid net worth.

Houses, duplex, triplex and 4-plex are easier to finance than condos.

I HIGHLY recommend against buying a condo as an investment.
Without 25% down, condo loans have a pricing hit even if it is owner occupied. Many condos cannot be financed at all and prices will plummet to a reasonable cash pricing level.

By buying down the rate, loans are available for investment properties at the same rates as primary residence loans.
Currently rates are as low as 4.25% 30 YR fixed, but 4.375%-4.50% is a reasonable choice at the moment. IMO, It is WELL worth buying the rate down if you plan on keeping the property long term.

You may need to qualify without using any rental income and credit score is a factor in pricing the loan.

There are many variables. Some lenders will not lend on investment condos at any level, others will not lend to anyone without a 2 yr history of landlord experience.

IF you qualify, there is a boatload of money avaialable. Refi rate options for investment properties are the lowest that they have ever been!

You can contact me directly if you have any specific questions.. http://www.HomeLoanSheldon.com

[HLS]

Yep, I remember those days too, and thankfully it’s been a good time for me as well.

In history, 30 years is nothing. The decline may take decades or a century, but it is happening right before our eyes.

You can choose to see it or choose to ignore it.
If you think that life today is easier than in the 60’s and 70’s, I disagree.

Without massive debt and fiat currency, we would already be like Latin American countries..give it time, we are headed there slowly but surely.

The next 20 years will be quite different than the last 20. …HLS

[HLS]

Yep, I remember those days too, and thankfully it’s been a good time for me as well.

In history, 30 years is nothing. The decline may take decades or a century, but it is happening right before our eyes.

You can choose to see it or choose to ignore it.
If you think that life today is easier than in the 60’s and 70’s, I disagree.

Without massive debt and fiat currency, we would already be like Latin American countries..give it time, we are headed there slowly but surely.

The next 20 years will be quite different than the last 20. …HLS

[HLS]

Yep, I remember those days too, and thankfully it’s been a good time for me as well.

In history, 30 years is nothing. The decline may take decades or a century, but it is happening right before our eyes.

You can choose to see it or choose to ignore it.
If you think that life today is easier than in the 60’s and 70’s, I disagree.

Without massive debt and fiat currency, we would already be like Latin American countries..give it time, we are headed there slowly but surely.

The next 20 years will be quite different than the last 20. …HLS

[HLS]

Yep, I remember those days too, and thankfully it’s been a good time for me as well.

In history, 30 years is nothing. The decline may take decades or a century, but it is happening right before our eyes.

You can choose to see it or choose to ignore it.
If you think that life today is easier than in the 60’s and 70’s, I disagree.

Without massive debt and fiat currency, we would already be like Latin American countries..give it time, we are headed there slowly but surely.

The next 20 years will be quite different than the last 20. …HLS

[HLS]

Yep, I remember those days too, and thankfully it’s been a good time for me as well.

In history, 30 years is nothing. The decline may take decades or a century, but it is happening right before our eyes.

You can choose to see it or choose to ignore it.
If you think that life today is easier than in the 60’s and 70’s, I disagree.

Without massive debt and fiat currency, we would already be like Latin American countries..give it time, we are headed there slowly but surely.

The next 20 years will be quite different than the last 20. …HLS

[HLS]

The information that many of you believe is simply ignorance about appraisers.

My preferred appraiser tells me what a house is worth, I don’t tell him. He doesn’t have targets to meet or lose my business. If it isn’t a purchase, he doesn’t know what the loan amount is.
I am one of his best clients and get great service and priority for borrowers.

Any appraisal is the opinion of the appraiser, it isn’t an exact science, but should be close when there are model matches.

Business relationships aren’t built on cronyism. They are built on service and other factors.

Your income could be threatened in your business if YOUR customer was told that they can no longer do business with you.
You need to go to a third party and they will provide you with what you need by a party of their choosing, and the provider will be getting 50% of what they previously received for doing the exact same work.

Some of you just don’t get it. I don’t wish that it happens to you. It will ruin the income/careers of many good people who enjoy what they do.

This is bordering on a dictatorship/socialism.
It’s going to get worse…. HLS

[HLS]

The information that many of you believe is simply ignorance about appraisers.

My preferred appraiser tells me what a house is worth, I don’t tell him. He doesn’t have targets to meet or lose my business. If it isn’t a purchase, he doesn’t know what the loan amount is.
I am one of his best clients and get great service and priority for borrowers.

Any appraisal is the opinion of the appraiser, it isn’t an exact science, but should be close when there are model matches.

Business relationships aren’t built on cronyism. They are built on service and other factors.

Your income could be threatened in your business if YOUR customer was told that they can no longer do business with you.
You need to go to a third party and they will provide you with what you need by a party of their choosing, and the provider will be getting 50% of what they previously received for doing the exact same work.

Some of you just don’t get it. I don’t wish that it happens to you. It will ruin the income/careers of many good people who enjoy what they do.

This is bordering on a dictatorship/socialism.
It’s going to get worse…. HLS

[HLS]

The information that many of you believe is simply ignorance about appraisers.

My preferred appraiser tells me what a house is worth, I don’t tell him. He doesn’t have targets to meet or lose my business. If it isn’t a purchase, he doesn’t know what the loan amount is.
I am one of his best clients and get great service and priority for borrowers.

Any appraisal is the opinion of the appraiser, it isn’t an exact science, but should be close when there are model matches.

Business relationships aren’t built on cronyism. They are built on service and other factors.

Your income could be threatened in your business if YOUR customer was told that they can no longer do business with you.
You need to go to a third party and they will provide you with what you need by a party of their choosing, and the provider will be getting 50% of what they previously received for doing the exact same work.

Some of you just don’t get it. I don’t wish that it happens to you. It will ruin the income/careers of many good people who enjoy what they do.

This is bordering on a dictatorship/socialism.
It’s going to get worse…. HLS

[HLS]

The information that many of you believe is simply ignorance about appraisers.

My preferred appraiser tells me what a house is worth, I don’t tell him. He doesn’t have targets to meet or lose my business. If it isn’t a purchase, he doesn’t know what the loan amount is.
I am one of his best clients and get great service and priority for borrowers.

Any appraisal is the opinion of the appraiser, it isn’t an exact science, but should be close when there are model matches.

Business relationships aren’t built on cronyism. They are built on service and other factors.

Your income could be threatened in your business if YOUR customer was told that they can no longer do business with you.
You need to go to a third party and they will provide you with what you need by a party of their choosing, and the provider will be getting 50% of what they previously received for doing the exact same work.

Some of you just don’t get it. I don’t wish that it happens to you. It will ruin the income/careers of many good people who enjoy what they do.

This is bordering on a dictatorship/socialism.
It’s going to get worse…. HLS

[HLS]

The information that many of you believe is simply ignorance about appraisers.

My preferred appraiser tells me what a house is worth, I don’t tell him. He doesn’t have targets to meet or lose my business. If it isn’t a purchase, he doesn’t know what the loan amount is.
I am one of his best clients and get great service and priority for borrowers.

Any appraisal is the opinion of the appraiser, it isn’t an exact science, but should be close when there are model matches.

Business relationships aren’t built on cronyism. They are built on service and other factors.

Your income could be threatened in your business if YOUR customer was told that they can no longer do business with you.
You need to go to a third party and they will provide you with what you need by a party of their choosing, and the provider will be getting 50% of what they previously received for doing the exact same work.

Some of you just don’t get it. I don’t wish that it happens to you. It will ruin the income/careers of many good people who enjoy what they do.

This is bordering on a dictatorship/socialism.
It’s going to get worse…. HLS

[HLS]

It’s going to be a rocky ride for many people for the forseeable future..

Regardless of the happy talk from mainstream media and the govt and stock market up days based on a single announcement, America has become an empire in decline. Sad but true.

An entire generation and a half know nothing about hard times or third world living conditions.

It will simply be survival of the fittest. Those with no income or savings will become dependant upon welfare. Many with great paying jobs may lose them and find no alternative at more than 50% of their previous income, if they can find a “job” at all….

Those who plan correctly will not have a problem, the masses may riot and revolt wanting the govt to save them.

Prepare for the worst and hope that it doesn’t happen.

Deflation is a downward spiral that feeds off itself as a result of fear. Inflation is easier to deal with.

Landlords will lower rents to keep a place rented, competition becomes brutal for a limited amount of avaialble money. Lower prices encourages people to spend, as long as they have money.

Millions of people are literally broke. Insolvent. Financial neutral. Taking a break.. Call it whatever you want, it isn’t pretty, and it’s getting uglier day by day…. HLS

[HLS]

It’s going to be a rocky ride for many people for the forseeable future..

Regardless of the happy talk from mainstream media and the govt and stock market up days based on a single announcement, America has become an empire in decline. Sad but true.

An entire generation and a half know nothing about hard times or third world living conditions.

It will simply be survival of the fittest. Those with no income or savings will become dependant upon welfare. Many with great paying jobs may lose them and find no alternative at more than 50% of their previous income, if they can find a “job” at all….

Those who plan correctly will not have a problem, the masses may riot and revolt wanting the govt to save them.

Prepare for the worst and hope that it doesn’t happen.

Deflation is a downward spiral that feeds off itself as a result of fear. Inflation is easier to deal with.

Landlords will lower rents to keep a place rented, competition becomes brutal for a limited amount of avaialble money. Lower prices encourages people to spend, as long as they have money.

Millions of people are literally broke. Insolvent. Financial neutral. Taking a break.. Call it whatever you want, it isn’t pretty, and it’s getting uglier day by day…. HLS

[HLS]

It’s going to be a rocky ride for many people for the forseeable future..

Regardless of the happy talk from mainstream media and the govt and stock market up days based on a single announcement, America has become an empire in decline. Sad but true.

An entire generation and a half know nothing about hard times or third world living conditions.

It will simply be survival of the fittest. Those with no income or savings will become dependant upon welfare. Many with great paying jobs may lose them and find no alternative at more than 50% of their previous income, if they can find a “job” at all….

Those who plan correctly will not have a problem, the masses may riot and revolt wanting the govt to save them.

Prepare for the worst and hope that it doesn’t happen.

Deflation is a downward spiral that feeds off itself as a result of fear. Inflation is easier to deal with.

Landlords will lower rents to keep a place rented, competition becomes brutal for a limited amount of avaialble money. Lower prices encourages people to spend, as long as they have money.

Millions of people are literally broke. Insolvent. Financial neutral. Taking a break.. Call it whatever you want, it isn’t pretty, and it’s getting uglier day by day…. HLS

[Author]

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