21 October 2024 | 9 replies
This is especially helpful if you plan to continue investing and don’t want multiple mortgage loans affecting your credit report.Streamlined Process: Since DSCR loans are focused on the property’s cash flow rather than personal financials, the approval process can be quicker and less documentation-heavy compared to traditional mortgages.If you want more info or need help getting started, feel free to reach out!
21 October 2024 | 1 reply
The appraiser looks at the sale price of comparable properties, the size of the property, and other factors that may affect its value.Home inspection: A home inspection is a comprehensive evaluation of the property’s condition.
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22 October 2024 | 4 replies
Disclosure: I have only done this with MFR properties but according to the state it should be acceptable with SFR property as long as you claim holding it solely for investment and not your personal residence as you would already get a better deal.A few other slight perks of SC compared to some other states is the taxable value is not retroactively applied.
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22 October 2024 | 8 replies
This is compared against our own internal historical performance with similar properties in the same/similar markets in which we operate.
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22 October 2024 | 17 replies
With a 4% rate on the seller-financed deal, you'll want to compare current market rates to see if refinancing is affordable and makes sense.
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20 October 2024 | 4 replies
That's the problem because you have no ultimate control of your property and it's a sign that you're treated second class compared to the locals .
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30 October 2024 | 236 replies
We are comparing RE wholesale transaction to trading-in a vehicle to a dealer for a wholesale value.
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22 October 2024 | 1 reply
We compared 3 total bids.
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21 October 2024 | 9 replies
ALWAYS do your own research on comparables, rent amounts, building codes and violations.
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21 October 2024 | 2 replies
For example, in Hampton, the average days on market increased to 39 days in September 2024, but this is still relatively fast compared to many other markets.- **Inventory**: Inventory is slightly trending upward, but it's still at historically low levels.