Have you guys noticed the rate drops on the DSCR loan side?

I'm not a lawyer or attorney, but seeing as how so many have been affected by this, and the amount of bad practices that they're performing, i suggest some of you get together with an attorney, and see if you can go after this company with a class action lawsuit, and see if you can not only drop your remaining charges, but get back at least some of the money you put into it.

We're talking a drop from $4313 to $2764 for a 3-bedroom unit in Tier A-1!

In 2024, back-to-school and back-to-college spending has dropped as consumers adopt a more cautious approach following the pandemic surge.

There are many factors to consider, I drop some here: 1) being new, need to build your reputation and have no repeating customers2) Miami has had an overflow of STRs buildings and "illegal" inventory: investors who bought new condos allowing STR with loans to pay, tend to lower the price to get bookings.

Previously, we used to secure apartments with 70% or more leverage, but now that's dropped to around 50% as the max that the capital markets can go. 

I might have to drop the price significantly to get interest. 

The unemployment rate dropped from 4.3% to 4.2%.

So that I find out doing my own calls to find out why the offers was denied even was just so close from asking price and Im willing to go with second offer, I found out that the place has reserve litigation issue and my agent who I rely on and keep emphasizing how we need to work smart dropped the ball again on me and didn't due enough diligence even he claims he knows how to do property searches etc etc which made me feel its an extra that he has, it was very sample to just ask the listing agent so not to waste my time neither his sending unnecessary contracts...

PM drops me because the property is a pain.