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17 September 2024 | 5 replies
Buying property that is in probate using some creative financing optionsOr Buying tax deeds at auctions or treasures office?
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18 September 2024 | 7 replies
Designate someone in your office to be the “Suzy” that talks like a low paid employee who is indifferent to a result and is the one who requests for her mgmt company.
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20 September 2024 | 36 replies
My office is in that area, but just not enough of a motivator for me to seriously invest there when there are tons of great locations in the southeast.
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16 September 2024 | 6 replies
They have a branch office in Massachusetts.
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18 September 2024 | 67 replies
Their "local metro managers" have no authority, no access, and no way to actually help - they basically act as a buffer between the client and the home office.
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16 September 2024 | 4 replies
A new loan officer or one not familiar with DSCR might offer you the best interest rate and fees on a DSCR loan because their pricing engine told them, but your specific scenario may not fit. for example, a deal I am currently working, First time investor, First time home buyer, living rent free, seeking 80% LTV purchase, Using Short term rental income to meet DSCR, with gift funds.
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16 September 2024 | 13 replies
When you have STR like airBNB or VRBO DSCR does allow that income unless you can provide a previous 12 month rents received or a print out from VRBO.The alternative to that is if the lender or UW will allow the appraisal to use MTR/STR income/rent schedule if the rents and property is common to the area in terms of rent available for the apprasier to show proof.My advice to you is make sure you do your home work and deal with a seasoned Banker or Loan officer that funds multiple DSCR loans per month.
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15 September 2024 | 22 replies
Just gotta talk to the right loan officer!
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20 September 2024 | 73 replies
The majority of data is open source and we can get it by simply looking at Zillow, county websites or heaven forbid taking a trip down to the county clerk’s office and actually pulling the documents.
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16 September 2024 | 12 replies
For instance, when new industrial parks or company offices open up, it means more people looking for places to live, potentially increasing your rental income.