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9 January 2025 | 15 replies
Any pricing-related tool offered by the OTA itself (think of VRBO, booking etc) is there to ensure you are getting heads in beds at any rate possible, just to ensure they are getting paid.
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6 January 2025 | 7 replies
Hey @Timothy Hero, we have several lenders in our network that offer DSCR on 5+ units.
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16 January 2025 | 23 replies
This might give a one-time (non-scalable) boost to cash flow, offer multiple value-add options, and allow the house-hacker peace of mind, via the assumed mortgage, in long-term breakeven or positive cash flow in the event that the value-add plans end up not being executed, and/or the person has to move out, and rent by the room or STR become unavailable for some reason at a future date.
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6 January 2025 | 4 replies
Just closed on one for a client over the hill in Reno, NV, that was sitting on the open market and they took an aggressive offer.
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4 January 2025 | 12 replies
An experienced agent will list your property with the language, "no showings until an accepted offer", to avoid violating your tenant's rights to the peaceful enjoyment of their home - possibly resulting in their lack of cooperations and a lawsuit against you.
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16 January 2025 | 21 replies
Not a lot of our competitors offer this but it's something we can consider (but for us, it can't be in a rural area, the loan amount must exceed $150k, if we're using PadSplit income (or STR/MTR income) the max LTV is 75% and the down payment must come from your own funds).
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6 January 2025 | 7 replies
DSCR Loans - Both Purchase and Cash Out Loans- Investors typically use these on the cash out portion of the BRRRR Strategy - Minimum Downpayment, usually 20% but some lenders offer 15% down - Max LTV on Refinances, typically 75%, but some lenders will do 80% - Minimum Title seasoning (since the property was purchased and recorded on county records) is 90 days, although some lenders have no seasoning at all as long as you can show rehab work completed. - 30 year fixed terms - Usually have a Prepayment Penalty from 1-5 years, although you can price out a 0 PPP for a higher rate or fee- Minimum Credit score is 650 usually, although you could do a lower LTV loan at 620.
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8 January 2025 | 14 replies
It offers little protection against negligence but good protection for contract disputes.
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8 January 2025 | 10 replies
My company also offers premier vacation rental management services as we recently expanded our services to MTRs because of the apparent need for management services in the sector.
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5 January 2025 | 0 replies
Sellers are offering incentives like paid closing costs, and with homes sitting longer on the market, buyers have more room to negotiate!