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20 September 2024 | 39 replies
Have you noticed any particular design elements or color schemes that have been especially popular with renters lately?
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19 September 2024 | 14 replies
Example, if you wanted to be close to the vineyards that are gaining popularity, Sahuarita or Green Valley is where you want to look.
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17 September 2024 | 12 replies
Daniel needs to disassociate himself from Jonathan.Hence, looking for alternative recommendations for my next projects.
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18 September 2024 | 2 replies
I imagine that will cost 15% of the properties value or alternatively 4 years of your $275 /m cash flow.
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19 September 2024 | 10 replies
Hi Phil I am strongly considering Bolt Deals or any other alternatives for lead gen.
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18 September 2024 | 15 replies
Below are some general notes on DSCR loans:* usually used for single family or 2-8 multi family unit properties (fits your scenario)* must be for investment, non owner occupied (if looking for a product for alternative qualifying solutions for owner occupied there are other products)* can close in a personal name or LLC* usually 80% LTV for a purchase (20% down payment) & usually 75-80% LTV for cash out refis* prepayment penalties vary and are optional, but the higher the prepayment penalty, the lower the rate / options typical range from no prepay all the way up to 5 year prepay and structures vary for how those penalties work (3 year is my most popular by far)* appraisal most likely required and paid out of pocket during transaction* can be used for long term, mid term, or short term rental properties * generally 1%+ is the desired DSCR ratio but you get better rates if the ratio is higher (usually rate breaks kick in at 1.15%+ or 1.25%+) and you can still get the loan done if ratio is lower than 1% but the rate will reflect that (DM me if you wand help learning how to calculate the ratio)* the average time to close is 21-30 days* fees vary lender to lender and product to product, but $1595 underwriting plus title fees is pretty standard* 700+ credit is preferred to get max LTV, but plenty of options if credit falls below that* a typical loan minimum is $75k (have limited options for $50k+) and typical loan maximum is $3-4m (have limited options for $4m+)* 3 months reserves usually required, having 6+ months will usually result in better loan terms, 0 reserves can still get the job done if you go with a program that allows you to use the cash flow as reserves* 30 year fixed, IO, and ARMS available
17 September 2024 | 4 replies
White is also still popular in flips due to buyers being able to change it easier upon closing or if lighting is poor and the space needs to be brightened up.
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21 September 2024 | 19 replies
Alternatively when the defendant is a whale where insurance is not the sole avenue to recovery plaintiff's counsel may be less inclined to pull punches when drafting their complaint.
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19 September 2024 | 13 replies
**Private Money Lenders**: If traditional lending sources aren’t providing favorable terms, private money lenders can be a viable alternative.
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19 September 2024 | 13 replies
Hey Elias, house hacking is a popular and effective strategy.