David F.
Co-op appraisal valuation
24 January 2025 | 9 replies
I have considered doing a TIC/coop in San Dego but have the belief, without any data except for how I would value the financing challenges and tic risks, as being much greater than 10% price difference from condo price.
Katie Miller
If you use a CPA or Tax Professional, how did you find him or her?
31 January 2025 | 120 replies
In my practice, I am committed to delivering exceptional service and leveraging my decades of experience to benefit my clients.Additionally, seek out testimonials or referrals from other real estate clients to gauge the CPA's expertise and reliability.
Michael Challenger
First Time Home Flipper Looking to Connect w Lenders
10 January 2025 | 12 replies
There are still a few that will give you a loan but the traditional 90% of purchase price and 100% of rehab might not be possible without an exception.
Eric Maxwell
1st time landlord
9 January 2025 | 1 reply
It was the same price as the 1st property I bought except twice the size and two of everything.
Pete Resendez
A friend's divorce mediation and a townhouse involved
14 January 2025 | 4 replies
There are some exceptions, but the HOA dues normally kill your returns and there are all kinds of other issues having tenants living close together.
Kyle Carter
Screening tenants effectively
7 January 2025 | 5 replies
Hello Kyle,When screening applications for the properties that I manage, I always look for:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)I have found this screening standard very helpful when finding tenants who pay on time and treat the property well!
John Friendas
Maximum # of DSCR Loans Lenders Will Give?
22 January 2025 | 12 replies
Each DSCR loan is separate and qualifies separately, so one doesn't necessarily affect the other except for the liquidity needed to close since you'll have multiple down payments/closing costs for each transaction.
David Rutledge
SBA loan for small hotel
1 February 2025 | 13 replies
The important thing to know is that you basically have to meet all of the qualification criteria for a typical commercial real estate loan from a bank -- EXCEPT for the down payment requirement.
Daniel Hartz
Trying to refi out of a bridge loan on a SFR with tenant
15 January 2025 | 10 replies
With your $1,100 rent and the potential for an improved loan structure, it's worth reaching out to DSCR lenders who are flexible on reserves and leverage.Key Points:Highlight your strong FICO score and existing equity.If your DSCR ratio falls short, some lenders allow exceptions for high-FICO borrowers.
Meghan McCollum
Looking for Insight Into Duluth, MN
21 January 2025 | 21 replies
That said, we have traveled a lot and stayed in wonderful Airbnbs over the years and have always dreamed of creating an incredible experience for someone visiting Minnesota with a short-term rental as well, so we are definitely open to that idea and have some great experience as to what we know would provide an exceptional short-term rental experience.