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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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4 February 2025 | 31 replies
They did not need a US visa, US income, or US credit.
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20 January 2025 | 22 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!
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21 January 2025 | 0 replies
I currently don't show income and just left my other place of employment.
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23 January 2025 | 0 replies
Financing OptionsParent Loan Options: Consider home equity loans, investment property mortgages, or co-signing a loan.Tax Implications: Speak with a financial advisor about potential deductions and capital gains.Rental Income Potential: Explore the option of renting out extra rooms to offset costs.5.
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20 January 2025 | 33 replies
It was only within the last 30 years has the upper middle class incomes start to spread out of the lake.
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23 January 2025 | 9 replies
I invest with PPR and other income funds through my IRAs.
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20 January 2025 | 7 replies
If you have a high personal income and can support the property if it needs cash, that helps, but is also not scaleable. 1.
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24 January 2025 | 11 replies
@Gregory SchwartzThere's nothing passive about passive real estate income.
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23 January 2025 | 3 replies
I would underwrite buyers based on stability of income, financial payment history & ability to pay.