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26 November 2024 | 1 reply
The problem is, airbnb income is not considered "stable" so for qualifying purposes there isn't a way to project that accurately if there isn't any previous rental history for the property.
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1 December 2024 | 134 replies
Some I found out the purpose from neighbors, others I just plain didn't want to know.Yes, I removed them during the reno, not sure how many new buyers would find that an asset...?
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25 November 2024 | 16 replies
., but also fortunate that your borrower didn’t contest your business-purpose loan as being for a consumer purpose.
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26 November 2024 | 3 replies
Quote from @Adam Bartomeo: Quote from @Jay Hinrichs: U also are fighting all the investor who flooded int to build new homes for rental purposes so OVER supply.. and we know a ton of those got stuck with bad builders and are being worked out so supply is going to keep coming in ..
30 November 2024 | 4 replies
You can learn to do this independently or get a rockstar REALTOR to lead the way.
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29 November 2024 | 6 replies
For your other investment, unfortunately we have to go by what’s reported on your tax return (net, not gross), so if you took a “loss” then there is no income to use for underwriting purposes.
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20 November 2024 | 1 reply
Every lead source that sends you leads without vetting them is warm garbage now.
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25 November 2024 | 12 replies
I wrote the above for informational purposes.
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21 November 2024 | 9 replies
For lead gen, I’ve had good luck with a few tools.
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1 December 2024 | 68 replies
Which leads to other posters to offer no sympathy for those investors and then the name calling started.