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24 November 2024 | 27 replies
They are difficult to finance and once the profit split with the hotel plus other fees are deducted from the gross they don't typically look like very good deals.
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26 November 2024 | 3 replies
This log should include:•The date of activity•The property worked on•Specific activities performedExamples of activities that typically count include approving tenants, setting lease terms, handling repairs, and other hands-on operational tasks directly related to managing the property.
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25 November 2024 | 11 replies
Typically the broker will have a leasing agent that does leasing mostly.
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25 November 2024 | 6 replies
Delays are typically caused by previous landlords or employers who don't respond to our requests for verification.
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25 November 2024 | 8 replies
One month is rather typical, and if they renew, they typically get a bonus for the renewal.Gino
26 November 2024 | 7 replies
This can be a city or neighborhood.We manage a lot of Class C properties in the City of Detroit, so previous evictions are common.We typically do NOT allow within the last 3 years and we want to see stable employment, income and no other major credit issues since.For Class B rental we're looking for no evictions in last 5 years.Class A, would be at least 7 years.Of course, there are exceptions to all of the above for extenuating circumstances the applicant is willing to provide acceptable documentation for.
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2 December 2024 | 21 replies
Like Brandon mentioned - you sound like the picture perfect classic "DSCR Loan" borrower - dscr loans are made for exactly this typically - LLC friendly and usually the best fit for when investors hit the 5 or so property mark and hit a roadblock with banks, cash etc like you desribed.Check out this 12-part article series published here on BP on all about DSCR Loans, hope it helps!
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1 December 2024 | 68 replies
That is typically 2x most note funds.
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25 November 2024 | 2 replies
What are your typical rates for 3/2 or 3/1 homes?
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27 November 2024 | 10 replies
Single family homes typically sell faster during spring/summer months whereas they can sit longer during the winter months.