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3 December 2024 | 5 replies
Secondly, DSCR rates are often quoted as floor rates meaning they will cost a lot upfront to get those floor rates.
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6 December 2024 | 51 replies
Often, an acknowledgment of a division of property is used, instead.
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5 December 2024 | 6 replies
Meaning you need to wait 12 months from date of purchase to use the newly appraised value and base off the LTV.In comparison, DSCR loans typically have shorter seasoning, often being 6, 3, some even 0 months seasoning.
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2 December 2024 | 19 replies
😂Plenty of lovely folks there, plus it's where Cannon Air Force Base is located, but we soon discovered that just having a base nearby didn't necessarily make for a lively real estate market.Shortly after that, we adopted our MUCHAS criteria:M - Near a military baseU - Has at least one college or universityC - Has a Costco or equivalentH - Has a hospital ranked at least as a Level II Trauma CenterA - Has a commercial airportS - Has a Sprouts (organic grocery) or equivalentThis has led us to look at often-overlooked markets like Lubbock, Texas and Augusta, Georgia.May be worth a look for you as well!
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3 December 2024 | 5 replies
These numbers will often surprise you with a significant jump 50%+.
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5 December 2024 | 20 replies
Replacing small items such as those can often times build trust and keep your tenants happy.
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4 December 2024 | 12 replies
This is a thing that is discussed often on other forums.
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6 December 2024 | 13 replies
Having a tangible property to discuss often leads to a much more constructive discussion.
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3 December 2024 | 7 replies
These areas often balance occupancy rates with reasonable property taxes.3.
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3 December 2024 | 21 replies
Hi everyone,I often hear advice like, "Form an LLC later when your portfolio grows."