
27 June 2024 | 10 replies
(and yes, DSCR are personally guaranteed) The number of financed properties calculation includes:the number of one- to four-unit residential properties where the borrower is personally obligated on the mortgage(s), even if the monthly housing expense is excluded from the borrower’s DTI in accordance with B3-6-05, Monthly Debt Obligationsthe total number of properties financed (not the number of mortgages on the property nor the number of mortgages sold to Fannie Mae), with multiple unit properties (such as a two-unit) counting as one property;the borrower’s principal residence if it is financed; andthe cumulative total for all borrowers (though jointly financed properties are only counted once).
26 June 2024 | 4 replies
Unit AppealAmenities and Upgrades: Although you have renovated the units, consider adding amenities like high-speed internet, in-unit laundry, or community spaces that can increase appeal.Feedback Collection: Gather feedback from current and past tenants about what they liked and disliked about living in your units.

27 June 2024 | 5 replies
We do all of the things that you are asking about, automatically, that's our job.

26 June 2024 | 19 replies
Does that automatically disqualify them from being good tenants that would pay the rent on time & not destroy the house?

26 June 2024 | 17 replies
@Mary Jay - People with an eviction are an automatic no in my book.

26 June 2024 | 22 replies
I collect water/sewer/rubbish from tenants so that's really the only double entry I do, rents are automatic.
25 June 2024 | 11 replies
If your market and listing allows for automatic escalating offers ($250 above best price of highest other offers, up to X) then you can get around this and the clause is written such that they have to show you the other offers once your offer is accepted by them.

25 June 2024 | 9 replies
He just helped an investor with a lower LTV on a cash out seven plex reach the low 7%'s and that's a much more difficult loan..Good luck!

24 June 2024 | 2 replies
Seven offers, the second top offer of 2.855M was accepted by trustee (I have to accept) or relist for possibly more (3.15M?)

25 June 2024 | 6 replies
@Anthony Zotto- if you started the application with the CU and locked the rate in - your rate wont automatically decrease if rates improve .