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13 January 2025 | 5 replies
Unlike conventional loans that typically require a 12 month seasoning period, DSCR loans have no such requirement, making it much easier for investors to scale their portfolios.I’ve included an article below that outlines how DSCR loans can be utilized in BRRRR strategies.Also, I noticed you’re based in Florida, I’m in Tampa.
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6 January 2025 | 8 replies
- Go look carefully at the numbers and you'll see this.If you could acquire more rentals and they threw off $500 profit each/monthly, how many would you need to make a living?
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16 January 2025 | 8 replies
That’s why the successful wholesalers and flippers I know spend $10,000 and more MONTHLY on marketing. 2.
14 January 2025 | 7 replies
Now a-lot of times you buy a home from someone with seller financing and they hold the note for 6 months to season it and then sell the note to another investor or a firm and then it will most likely show up on your credit because these are more sophisticated investors.In regards to the benefits of owner financing you won't have to pay closing costs to a bank.
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9 January 2025 | 9 replies
Many lenders will allow you to do a BRRRR and take cash out, even without owning the property for 6 to 12 months.
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5 January 2025 | 39 replies
Then my second house which was freshly turned had a tenant that up and left after a couple of months and caused excessive damage.
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6 January 2025 | 4 replies
Make sure you talk to a Banker or Loan officer that is well versed in both SE (Self Employed) income and also Non/QM programs.One tip I will give you as a Banker is open up a "Business Checking account" and for the next 12 months pay "Everything" out of that account.
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8 January 2025 | 6 replies
But anyways, I have a stretch where I’ll be gone for several months - mid July through mid October, possibly stretching to the end of the year, and I’m wondering if anyone has any ideas beyond just a normal rental - traveling nurse, etc. that might be good in Nashville.
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16 January 2025 | 13 replies
I adjust pricing based on demand, like raising rates during peak season or local events, and lowering them in slower months to stay competitive.
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9 January 2025 | 3 replies
hi all i am a new landlord and got my first rental property. tenants moved in in September and October. the first month was fine but when December hit it got extremely cold and the heating is electric. due to poor insulation in the home that we did not know about the heat has to be turned very high up to keep the home warm, however since everything is electric it is causing the electric bill to be $800. the utilities are the tenants responsibility. however because of this one of the tenants has been extremely non compliant with paying rent.