How To Get Approved For A Loan To Buy Rental Property (How I Got 40 Rental Properties!)

Sdílet
Vložit
  • čas přidán 22. 08. 2024

Komentáře • 61

  • @MrGoHAM17
    @MrGoHAM17 Před 11 měsíci +7

    Are you able to have more than 4 active mortgages?

    • @NoelleRandall1
      @NoelleRandall1  Před 11 měsíci +9

      Yes, conventional loans will limit you to 4. But there are investor loans, blanket loans and so many other options if you use homes as investment

  • @godspeedrell
    @godspeedrell Před 11 měsíci +7

    Always giving great game and information 💯

    • @NoelleRandall1
      @NoelleRandall1  Před 22 dny

      Thank you so much! I'm here to share valuable insights and help you succeed. If there's anything specific you'd like to learn more about, just let me know.

  • @kingdomauthoritymedia
    @kingdomauthoritymedia Před 2 měsíci +2

    This math relies on real estate going up 75% every 3-4 years. Unfortunately, historically that is not the case. Maybe in good economy, but Ive seen it go the other way.

    • @NoelleRandall1
      @NoelleRandall1  Před 21 hodinou

      You’re right! The market has ups and downs, and growth isn’t guaranteed, especially in a shaky economy. Smart investing is about understanding cycles, balancing risk, and being ready for shifts.🙂

  • @rosiebelf955
    @rosiebelf955 Před 11 měsíci +2

    im 1st.
    I like your videos.thank you!

  • @ojones3115
    @ojones3115 Před 20 dny

    Thanks for this amazing content ❤🙏

    • @NoelleRandall1
      @NoelleRandall1  Před 21 hodinou

      You're very welcome! I'm glad you liked it! If you need more content or help with anything else, just let me know.

  • @Dippshitgarage
    @Dippshitgarage Před 23 dny

    Awesome video 🔥🔥

    • @NoelleRandall1
      @NoelleRandall1  Před 22 dny

      Thank you so much! I'm glad you enjoyed the video. 😃

  • @sandysheppard4802
    @sandysheppard4802 Před 13 dny

    Hi, I have been watching you for awhile. I wonder how you really making this work with out perfect credit. I have been trying for years and I have been used so I gave up on real estate.

    • @NoelleRandall1
      @NoelleRandall1  Před 13 dny

      Thank you for following along! I completely understand how frustrating it can be, especially when credit challenges get in the way. What worked for me was focusing on strategies like DSCR loans, which don't require perfect credit, and leveraging business credit to fund down payments. Real estate can be tough, but with the right approach, it’s possible to succeed without perfect credit. Don’t give up-let’s find a strategy that works for you! 🙂

  • @Pureblissfullness1111
    @Pureblissfullness1111 Před 11 měsíci +3

    Wow thank you Noelle

  • @johngaytan9270
    @johngaytan9270 Před 4 měsíci

    Wow thank you so much for sharing your knowledge god bless you! ❤

    • @NoelleRandall1
      @NoelleRandall1  Před 22 dny

      Thank you so much! I'm here to share valuable insights and help you succeed. If there's anything specific you'd like to learn more about, just let me know.

  • @georgiastewart6283
    @georgiastewart6283 Před 4 měsíci

    Excellent advice! Thank you!

  • @mariaphan7591
    @mariaphan7591 Před 11 měsíci +2

    You are the best!! ❤

    • @NoelleRandall1
      @NoelleRandall1  Před 21 hodinou

      Thank you so much! You’re awesome too! If there’s anything more I can do, I’m here for it! 🙌

  • @UltimateMarketing-B
    @UltimateMarketing-B Před 11 měsíci

    Super great advice. I used advice for my digital marketing business and for my business funding technique service.

  • @mahoganychic841
    @mahoganychic841 Před 4 měsíci +1

    I just have one question. If one puts 20% down plus closing and possibly reserves, how does one benefit from having all that money tied up in one property?! Taking equity out to buy another unit doesn’t even seem feasible.

    • @NoelleRandall1
      @NoelleRandall1  Před 22 dny

      Great question! By putting 20% down, plus covering closing costs and reserves, you're leveraging your investment. This means you control a larger asset with a relatively small initial investment. Over time, the property’s value typically appreciates, and the rental income can provide consistent cash flow, which can help you cover expenses and save for future investments. While it might seem challenging to use equity to buy another unit, strategies like refinancing or leveraging business credit can make it feasible. For example, you can refinance to pull out equity or use business credit to fund additional properties. This approach allows you to build a rental portfolio and increase your wealth, even if the initial investment seems substantial. Hope this helps. 😃

  • @Story_player
    @Story_player Před 3 měsíci

    Hi thank you for this video. I was just wondering how do you pay for the credit cards once the 12/18/24 months (or however long the 0% intro APR is) has ended? Thank you 🌟

    • @NoelleRandall1
      @NoelleRandall1  Před 22 dny

      Great question! Once the 0% intro APR period ends, you’ll start accruing interest on any remaining balance. To manage this, it’s important to have a repayment plan in place. Ideally, you should aim to pay off the balance before the introductory period expires to avoid interest charges. If that’s not possible, consider transferring the balance to a new card with a 0% APR offer, if available, or budgeting to pay off the remaining balance as quickly as possible to minimize interest costs. Keeping track of your credit card terms and planning your payments strategically can help you manage and reduce the financial impact once the introductory period ends.

  • @BlackMagikTarotReader
    @BlackMagikTarotReader Před 9 měsíci

    Thank you for sharing

  • @ramonarobinson3703
    @ramonarobinson3703 Před 11 měsíci +3

    Do you have to have all 4 before you can get the DSCR Loan?

    • @letsTACOboutGoals
      @letsTACOboutGoals Před 9 měsíci

      Yes you do... And you can't put 3% as down payment going this method, it's more like 20% and higher interest.

    • @StLouis-yg8jp
      @StLouis-yg8jp Před 7 měsíci +1

      @@letsTACOboutGoals How will you be profitable putting nothing down? Won't your payments be too high?

    • @HappyPenguin75034
      @HappyPenguin75034 Před 4 měsíci

      @@StLouis-yg8jp you have cash so your cash flow can be lower. Either cash in or cash out. 20% down in money gone (yes still equity).

  • @NoelleRandall1
    @NoelleRandall1  Před 11 měsíci +2

    Get A Coaching WIth Me And My Team Get Your Questions Answered:
    callnoelle.com
    REGISTRATION to the 3-Day Virtual Training Is Open!!!
    Your Wealth Event In October. Get Your Tickets Today!
    growyourwealthevent.com
    Raise Your Credit Score Faster with CREATIVE CREDIT SOLUTION:
    bit.ly/CcS11NR
    Build Business Credit Faster With JUSTIN MIRCHE:
    bit.ly/3eydxza
    Sign Up Withe Perfect Niche In Real Estate:
    momshouse.com/noelle/
    Noelle's gift for you
    noellesfreegift.com
    My New book that can change your life in 100 days:
    noelleinspires.comGrow
    Get funded with my company:
    nuulending.com
    Get 4 Of My Books For Free:
    noellesbookoffer.com
    Ask Me Your Questions:
    asknoelle.net
    Have A Call With Me And My Coaches:
    callnoelle.com
    Subscribe: youtube.com/@NoelleRandall1?s...
    Text Me: COACH at: +1 878-295-4316
    Visit my website:
    noellerandall.com
    Get all of my books for free:
    noellesbookoffer.com
    Visit my real estate companies:
    nuurez.com
    nuurealty.com
    Contact us :
    contact@noellerandall.com
    marketing@noellerandall.com

  • @HarringtonB
    @HarringtonB Před 10 měsíci +2

    Wow!

  • @pv2101
    @pv2101 Před měsícem

    Any lenders you suggest that offer DSCR Loan or does most lenders offer that?

    • @NoelleRandall1
      @NoelleRandall1  Před 22 dny

      Great question! Many lenders offer DSCR (Debt Service Coverage Ratio) loans, which are fantastic for real estate investors. Local banks, credit unions, and specialized real estate lenders like Visio Lending and LendingHome often provide these types of loans. Online mortgage platforms such as LendingTree and Rocket Mortgage also have options for DSCR loans. For more flexible terms, hard money lenders can be a viable choice. Additionally, working with a mortgage broker can help you find the best DSCR loan options tailored to your needs.

  • @chuksbright7505
    @chuksbright7505 Před dnem

    Can non US residents do this?

    • @NoelleRandall1
      @NoelleRandall1  Před 21 hodinou

      Absolutely! Non-US residents can invest in US real estate using business credit, DSCR loans, and the BRRR method. Some lenders even finance foreign investors without requiring US citizenship or credit. Just set up a US-based LLC, build business credit, and connect with the right lenders. Hope this helps. 🙂

  • @53mobile
    @53mobile Před měsícem

    Great video thank you for sharing ! The phone number you provide and email on your website still updated b/c no body replied yet
    ?

  • @temple2431
    @temple2431 Před 3 měsíci

    I didn’t think you could get multiple FHA loans at one time. I thought it had to be paid off before you could take another.

    • @NoelleRandall1
      @NoelleRandall1  Před 22 dny

      Actually, you can have multiple FHA loans simultaneously under certain conditions. The key requirement is that each FHA loan must be for a different property and meet specific criteria. For example, you must demonstrate a valid reason for needing a new FHA loan, such as relocating to a new area or a change in family size. Additionally, you must be able to prove that you can handle the additional mortgage payments. It’s important to check with an FHA-approved lender to ensure you meet all the requirements for securing multiple FHA loans.

  • @mariaassumptaeei4877
    @mariaassumptaeei4877 Před 2 měsíci

    Hello Noelle! I am interested in being in real estate! How do I start?

    • @NoelleRandall1
      @NoelleRandall1  Před 22 dny

      Get A Coaching WIth Me And My Team Get Your Questions Answered:
      callnoelle.com

  • @rosiebelf955
    @rosiebelf955 Před 11 měsíci

    Hi Noelle do you thing i can invest using OPM for my fisr rental property?

    • @NoelleRandall1
      @NoelleRandall1  Před 6 měsíci

      Absolutely, using OPM to invest in your first rental property can be a viable strategy. It allows you to leverage funds from lenders or investors, potentially increasing your purchasing power and spreading your risk. However, it's essential to thoroughly research and understand the terms and conditions associated with borrowing or partnering with others. Additionally, ensure you have a solid investment plan and exit strategy in place to mitigate risks and maximize returns. Consulting with a financial advisor or real estate professional can provide valuable insights tailored to your specific situation and goals.

  • @deek3780
    @deek3780 Před 6 měsíci

    Im trying to decide if I want to refi my only rental to invest or just sell and invest as it is an older mobile home.

    • @NoelleRandall1
      @NoelleRandall1  Před 6 měsíci

      Refinancing could offer lower rates and leverage for further investment, while selling provides immediate liquidity and relief from maintenance. However, I highly suggest you get a financial advisor or consult an expert so they will guide you.

    • @NoelleRandall1
      @NoelleRandall1  Před 6 měsíci

      If you want to know more about refinancing and selling, you can reach out to me at asknoelle.net so i could help you in your Real Estate journey. :)

    • @NoelleRandall1
      @NoelleRandall1  Před 6 měsíci

      Get A Coaching WIth Me And My Team Get Your Questions Answered:
      callnoelle.com

    • @chuksbright7505
      @chuksbright7505 Před dnem

      Can non US residents do this?

  • @MONST3RSKILKZ
    @MONST3RSKILKZ Před 11 měsíci

    hey

  • @mwtechneek
    @mwtechneek Před 7 měsíci +4

    Where are you buying property?

    • @NoelleRandall1
      @NoelleRandall1  Před 7 měsíci +8

      My big focus is Orlando and the surrounding area, but I do watch and consider properties all over, with a closer eye on Florida in general, but also the Atlanta areas, Charlotte North Carolina, the Denver/Fort Worth area, and a few others in the New England and West Coast areas.

    • @phillipturner9598
      @phillipturner9598 Před 5 měsíci

      How do you feel about Columbia South Carolina?

    • @danwalter6408
      @danwalter6408 Před 4 měsíci

      Check out Richmond Virginia and the surrounding areas

    • @cjwalker102
      @cjwalker102 Před 3 měsíci

      @@phillipturner9598Im from Columbia SC. Homes prices are way too high. However, it is one of the lower end of home prices overall. Demand is definitely there for rentals

  • @HannahBarish
    @HannahBarish Před 6 měsíci

    Best

  • @pureperufamilia6289
    @pureperufamilia6289 Před 11 měsíci +2

    💯