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21 September 2024 | 7 replies
**Portfolio Lenders**: Some portfolio lenders, who hold loans in-house instead of selling them on the secondary market, may be more willing to work with unique situations like yours.6.
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24 September 2024 | 19 replies
Thinking that this was mostly unique to my city, I have traveled to a few areas where I have seen this same idea and heard from other travelers their same stories.
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25 September 2024 | 37 replies
And I'm projecting here, but it seems like the banker went through the list of named loans in their head like FHA, VA, jumbo, etc and wouldn't have "DSCR Loan" in a drop down list to select, as if you were asking for a FHA loan, so was stumbling a bit.I'd maybe suggest asking more about how the loans are underwritten when speaking with a mortgage officer and if saying "DSCR Loan" doesn't seem to get you traction, maybe ask something like "well, I was hoping that my request could be looked at from a DSCR perspective as well as any other underwriting you do for the best chance at approval because of XYZ."
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19 September 2024 | 14 replies
Hi everyone - first time investor here! I'm looking into buying a $400-450K single family home to convert into a STR. Would appreciate any input on where to invest - Henderson, NV or Phoenix/Tuscon, AZ? Does anyone ha...
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20 September 2024 | 8 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
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20 September 2024 | 39 replies
Example: A backsplash that is a different color from rest of the kitchen (a warm green or red against white and grey walls), a tile that has a unique look or pattern to it, crown molding on cabinets, or a unique light fixture.
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22 September 2024 | 13 replies
With the selection on PM's, I mean this respectfully, maybe you do not understand how to find a good PM.
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24 September 2024 | 49 replies
For example, selecting someone on disability or no disability is illegal and should not factor in your decision in any way.
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23 September 2024 | 33 replies
I try not to ghost them and always tell all applicants when someone is selected so they can continue their search.
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20 September 2024 | 17 replies
.- AirDNA is more accurate in areas with more comps and less variation in amenities and unique properties.- Check results against enemy methodBest of luck!