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3 December 2024 | 19 replies
Another alternative is to have a negative cash flow by putting down less.
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26 November 2024 | 17 replies
Ask a couple of them to stay after and discuss this topic.Forget the negative tone of any of the following:This is a huge discussion with many questions and answers.
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26 November 2024 | 46 replies
And if any speak ill of it there billed a Nazi Fascist Bigot......
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25 November 2024 | 10 replies
Positive/negative?
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27 November 2024 | 3 replies
Ask them if you can speak to some of the borrowers they have lended to find out if they enjoyed working with them
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27 November 2024 | 13 replies
Generally speaking condo are cheaper to get into, but you have higher costs due to condo fees and if the condo board does a bad job running the place, you will have even more costs.
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27 November 2024 | 3 replies
I would like to read over them and be able to ask questions and speak with you.
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28 November 2024 | 10 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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27 November 2024 | 9 replies
In addition to brokers, I would also suggest speaking to 1-2 regional banks/credit unions.
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25 November 2024 | 7 replies
An LLC has no effect negatively or positively on how a full doc lender will calculate your income.