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26 November 2024 | 1 reply
The problem is, airbnb income is not considered "stable" so for qualifying purposes there isn't a way to project that accurately if there isn't any previous rental history for the property.
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6 December 2024 | 51 replies
Let say the new spouse has $150,000 in college debt.
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26 November 2024 | 3 replies
I purchased it ($265,000) in 04/2022 for #2 son to live in while he attends college.
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25 November 2024 | 6 replies
Delays are typically caused by previous landlords or employers who don't respond to our requests for verification.
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27 November 2024 | 4 replies
They'll just keep coming back with new issues for you to fix.How to tell if this is a legit mold issue or if it's the tenants problem: initial sniff test goes as follows....did the previous tenants have this issue?
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27 November 2024 | 10 replies
I have some previous business debts to payoff, so once all the dust has settled with realtor commissions and other closing costs, I'd have roughly $400k-500k of cash at my disposal.
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1 December 2024 | 32 replies
either where you live, or a couple hours from where you live, or where you have family, or where you like to visit, or where you went to college, or whatevera lot of times choosing a market based solely on ratios or numbers goes poorlyhope this helps
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25 November 2024 | 4 replies
I didn't hear this from Buyers, but I personally am tired of seeing it.The previous 3 years we strictly did the grey/white, but now thats out least built color scheme.
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24 November 2024 | 8 replies
That being said, I'm part of an experienced Syndication Group who invests not only in Multifamily, but also different asset classes: Self Storage, Mobile Home Park, RV Park, and Retail - all to diversify the investment offerings.Reach out, and the next time we have an LP capital raise, I will send you the OM (and obviously info on our company) to review.
26 November 2024 | 7 replies
This can be a city or neighborhood.We manage a lot of Class C properties in the City of Detroit, so previous evictions are common.We typically do NOT allow within the last 3 years and we want to see stable employment, income and no other major credit issues since.For Class B rental we're looking for no evictions in last 5 years.Class A, would be at least 7 years.Of course, there are exceptions to all of the above for extenuating circumstances the applicant is willing to provide acceptable documentation for.