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5 September 2024 | 19 replies
Currently, I'm moving to self storage because I like the business model and can see myself running these when I quit my W2 job (software sales) here shortly.
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5 September 2024 | 35 replies
Even with management software, you still have to run a business and be as good as or better than your competitors.
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3 September 2024 | 32 replies
That is usually confirmation from your banker, your bank account with the account number redacted or a letter from your lender.
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5 September 2024 | 11 replies
There still is a tendency for DSCR Loans in particularly to get lumped in (throughout securitization) with other "Non-QM" loans, mostly owner-occupied when they really shouldn't be in my view, further a lot of the "tech" and software, systems buildout (including loan doc generators) are based on consumer resi which creates a lot of headaches.Anything rehab/construction related though (which is what the original post appears to be more about) is a different animals though - experiences are likely to vary markedly by market, lender, bank etc quite a bit
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6 September 2024 | 64 replies
I am already registered and trying to just confirm my registration, events, etc.
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3 September 2024 | 7 replies
I believe I’d need to live there for at least 2 years and hold the property for 5 years but would like a confirmation if possible?
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2 September 2024 | 9 replies
(Confirming in advance that I understand any reply from you isn’t legal advice.)
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1 September 2024 | 4 replies
Basically its no different than applying for any other mortgage, the lender wants to underwrite the loan to confirm your ability to repay.
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3 September 2024 | 9 replies
If you want to keep them, make sure they are 100% honest about their intent, check zoning to verify they are allowed in that area, charge them market rate, and confirm they are insured to protect you and the property.
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6 September 2024 | 19 replies
I got VERBAL confirmation on several occasions from the turnkey company's acquisition team that upon closing, the property management team would hire a lawn care company to mow and water the new sod while the property was vacant.