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29 January 2025 | 11 replies
Usually of the home requires major repairs it may require a HML "hard money loan" then you refinance in 6 months on the new ARV.DSCR is also not a great avenue for low loan amounts because all loans under $125K will take a rate hit and the minimums are usually $125k after down payment with some going down to $100K Min.
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5 February 2025 | 38 replies
To the company’s credit, the site appears functional and impressive.More about Norada Capital Management, Norada Real Estate Investing Marco Santarelli and the infamous CFO, Ron Fossum:Mr.
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22 January 2025 | 0 replies
Low or No House IdentityPeople want to take pride in where they live.
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20 January 2025 | 3 replies
I have lumber liquidators, home Depot, Lowe's, and who knows what else near me (central CT).
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19 January 2025 | 46 replies
Internet capabilities are low, and no one wants to live there.
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19 January 2025 | 9 replies
I can buy a 2-4 unit with 20% down vs conventional can only buy a 2-4 INVESTMENT property with 25% down 4. there are options where DSCR loans dont repot to personal credit, helps in not having to show a bunch of paperwork or not one person in a partnership has to carry the debt5. way less paperwork to close on this loan type vs a conventional loan. we care about the income of the property you're buying and it's ability to service the debt of the property whether we use long term rents income, lease income, or air dna/bnb income.6. easily buy in partnerships, add people to your operating agreement, its as easy as that so bring partners into a deal. helps with scaling and raising capital or getting partners involved7. gift funds allowed to close on these as well, and like I said earlier, there's only a 10day seasoning period of funds with some lenders so that means you can literally have a private money lender deposit money into your account 11 days before closing, and you can use those funds to close!
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9 January 2025 | 9 replies
Some credit unions will go to 85%-95%, but there are just a few that will do 100% loan to value!
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21 January 2025 | 11 replies
.: I haven't passed this past legal review so for what its worth: Part of my standard requirements for everyone include income is at least 3X rent, minimum credit score, say 640, Clean record and no evictions as well as deposit is paid in full at signing of lease and 1st month rent is paid in full prior to handing over the keys.
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5 February 2025 | 13 replies
Appreciation in most Sec8 neighborhoods is very low so it’s a cash flow play.- I would highly suggest you plan on using a property management company.
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20 January 2025 | 5 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?