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13 January 2025 | 12 replies
I titled this post based on that.
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6 January 2025 | 4 replies
Social Security also has a consent based ssn verification process where a SSN can be verified with the parties consent.Again, we can never be 100% full proof but we can stay on top of the latest ways to mitigate the fraudsters at their game.How are you catching fakes?
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10 January 2025 | 12 replies
while i do think it's valuable to analyze properties, it's really difficult to underwrite based on photos.
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17 January 2025 | 7 replies
There’s also a scorecard that gets released based upon many factors.
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13 January 2025 | 10 replies
@Marc Robinson if it is on a lagoon I would pass on it based on that alone.
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6 January 2025 | 57 replies
Based on purchase TODAY, 7.5% mortgage rate, 25% down, normal rents, what would it come out end of day as.
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13 January 2025 | 31 replies
Are you not necessarily denying him based on screening criteria - Some landlords make it a requirement to view the property prior to letting the applicant apply.
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10 January 2025 | 9 replies
Hi everyone,My name is Cole Dobbs, and I’m currently based in Houston, Texas.
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9 January 2025 | 0 replies
Price RangeDefine your financial boundaries based on available capital and borrowing ability:For Class A & B, financing typically covers 75%-80% of the purchase price, allowing you to buy properties in the $6M-$12M range if you have $2.3M total cash.For Class C & D, due to higher risk, the price range might be reduced to $5M-$10M with the same cash.5.
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23 January 2025 | 23 replies
To Jay's point, though, there wouldnt be an impact on your DTI based on your numbers. 75% of the gross rents can be used to offset the debt to $0 until the operating history is reported on a tax return, so if the rent is 65% higher than the mortgage, then the impact to DTI will be 0 until next year when 2025 tax returns are completed.You could try to find a DSCR program that allows you to become a partner of the entity after the property is bought and financed, but this will require significant trust in your partner and may or may not work from a financing perspective.