All Forum Posts by: David Rodriguez

Lots of great deals and margins can be phenomenal if you look in the right places.  I dislike the city politics but so is every major city very tenant oriented. Evictions are long and expensive, but the city overall is pretty easy to do work with. I've tried Orlando and Tampa area and margins are slim compared to Chicago.

This is the 1st time I have heard of a DSCR loan, is this loan only for when it's been rehabilitated and rented? Are are the requirements based solely on the asset and it's cash flow or will I need to show personal taxes, the way most institutional banks ask?

The alternative to banks for single family and 4 Plex is hard money, it has made my life a lot easier. Now I want to buy a 6 unit residential, but I'm having a hard time getting funding from the usual sources, what are some alternatives or ways people have fund 5 to 12 unit apartment building?

@Beth Johnson thank you

@Andrew Garcia thank you

@Gloria C.

Technically yes you can evict, because they are short on rent, depending on local laws, in order to properly have an eviction case you must stop taking in any rent, unless it's in full.

Get tenant to contact local office to push them to get your money

When doing hard money loan, what should I look for to keep cost as low as possible besides interest rate, is there a list of estimated costs I can ask for or how can I compare between two or more hard money options?