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10 December 2024 | 7 replies
Be prepared to start a lawsuit.2) File a complaint with state's Board of Realtors3) File a complaint with state's Attorney General's officeSince these are unlikely to be permanent solutions, you'll also want to start searching for another PMC.Recommend you speak with @Russell Brazil
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15 December 2024 | 13 replies
I cannot qualify for traditional conventional for multiple reasons but the over 200 to 1 debt to income ratio is a primary reason.
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10 December 2024 | 2 replies
It's also not STR PM with a few tweaks- as this might fit a boarding house.
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11 December 2024 | 14 replies
Our STRs are all booked for the holidays majority wise but the one week that is slow across the board is the week post-Thanksgiving.
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11 December 2024 | 13 replies
I've been on this board since 2010 and haven't found an example yet.
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10 December 2024 | 25 replies
If you can do that, then you can qualify. 3.
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17 December 2024 | 16 replies
DSCR loans definitely seem like a good tool for scaling, especially with strategies like BRRRR where cash flow is critical since it doesn’t rely on personal income or DTI, making it easier to qualify while keeping cash flow positive.
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13 December 2024 | 13 replies
Most cities do not allow "boarding houses" and/or have a "no brothel" law.
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17 December 2024 | 14 replies
DSCR loans are easier to qualify for when the asset values are a bit lower and rents a bit higher.
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15 December 2024 | 14 replies
Most DSCR lenders will require a minimum of 90 days seasoning to qualify for a cash out refinance on the new appraised value.