6 August 2024 | 16 replies
I am talking about more traditional real estate.. like when I am selling one of my new constructions they must have a pre qual from a lender I know and trust.. if not I wont sell it to them.
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4 August 2024 | 5 replies
More importantly, we don't know 1) your capability to pay 2) the seller "requirements" or needs, 3) property condition / collateral valuation and 4) why you don't just buy traditionally.
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6 August 2024 | 15 replies
Traditionally, DSCR loans that allowed STR have always wanted DSCR to be calculated on long term rental rates OR 12 months of actual performance or some heavily hair cutted version of Air DNA and all of these products would price gauge on rate.
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6 August 2024 | 29 replies
In this case the consumer over estimates the risk of an hourly model costing more than a traditional commission model.
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5 August 2024 | 7 replies
Income-based lending is mostly for people with traditional jobs.
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10 August 2024 | 85 replies
Where your traditional renter was the tourist, you now have the retirees, digital nomads and other work from home crowd to boot.5.
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5 August 2024 | 8 replies
Unlike traditional loans, DSCR loans focus on the property’s income rather than your personal DTI, making them ideal for investors with multiple properties.
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5 August 2024 | 12 replies
And that doesn't include other expenses.So the traditional SFH route may work eventually including appreciation and other factors, but probably not in 10 years because you need to refi and purchase other houses to make this angle work.Buying a 2/1 somewhere and living on one side is another option, as is renting both sides, but you'd have to identify an area where you can afford a duplex.
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5 August 2024 | 6 replies
Meaning, they are not willing to:- sell their property off market- go into contract with a wholesaler- sell their property for a discount (i.e. they want 'top dollar')In cases like these, an agent can still assist the homeowner by helping them sell the traditional way.That said, wholesaling can be lucrative so I echo the advice you've received here - get out there and speak to people in the industry who are willing to share helpful information.All the best!
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6 August 2024 | 12 replies
Investing in a syndication or fund could be a good fit given your situation.I started investing in some fix and flips and some smaller residential properties from traditional BRRRs.