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Results (10,000+)
Josie Sandoval Realtor commission for rentals- Texas
25 November 2024 | 11 replies
Typically the broker will have a leasing agent that does leasing mostly.
Fareen E. Available Now vs Actual Available Date
25 November 2024 | 6 replies
Delays are typically caused by previous landlords or employers who don't respond to our requests for verification.
Kristin Boekhoff Practical Questions for Small Multifamily
25 November 2024 | 8 replies
One month is  rather typical, and if they renew, they typically get a bonus for the renewal.Gino
Mike Most Applications with Eviction on record
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.
Karina Busch How to get fixed rate loans on investment properties?!
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!
Craig Salzer Norada Capital Management notes
1 December 2024 | 68 replies
That is typically 2x most note funds.
Tanya Maslach Corporate / MTR data in Columbus
25 November 2024 | 2 replies
What are your typical rates for 3/2 or 3/1 homes?
Connor Thomas Needing help with this house
27 November 2024 | 10 replies
Single family homes typically sell faster during spring/summer months whereas they can sit longer during the winter months. 
Thomas Loyola Are my assumptions reasonable?
26 November 2024 | 5 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.
Glenn N. Taxes with hard money lenders
26 November 2024 | 11 replies
Hi Glenn, Typically hard money lenders depending on their situation and if they do it as a business treat the income as interest income or business income.