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16 October 2024 | 14 replies
Are you a risk taker or conservative, are you organized or disorganized, are you emotionally intelligent or think more with your heart?
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13 October 2024 | 7 replies
Hi all,Is there a free online application portal landlords can use for free? I only have one unit that I hope I will continue to retain a tenant long term. Current tenants are moving out after over 4 years! The last t...
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18 October 2024 | 7 replies
Just a lot of systems, paperwork organization, and staying abreast of/within the law (required notices, addendums, etc.).3) The screening criteria we use:650 credit score or aboveIncome 3x the monthly rentNo pets (depending on the property)No smokingNo evictions, notices to comply, or money owed to landlords in the past 12 monthsProof of income and financial responsibilityAdditional:First, last, and security deposit due at signing750+ credit score does not require last month rent (helps incentivize quality tenants)Best of luck!
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17 October 2024 | 12 replies
They own a note secured by the property.I think you are convoluting equity investors and the typical terms and structures provided to equity investors and private lenders.Think of your "investors" as the bank.
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14 October 2024 | 0 replies
It was a moment filled with emotion, and it’s one of the reasons why we love doing what we do.This experience was a powerful reminder that going the extra mile isn’t just about being kind—it’s about truly helping people in their time of need.
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18 October 2024 | 5 replies
These two achievements will definitely help you in securing funding for future projects, as private lenders consider experience when deciding what leverage they're willing to offer you.
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16 October 2024 | 13 replies
I earn around $15k/month from my business, but my income is somewhat variable, which might make securing financing challenging.
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21 October 2024 | 13 replies
The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.
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17 October 2024 | 4 replies
I priced it only about 14% higher than the long term rental which matches traveling health professionals' budget on Furnished Finder.So I'm leaning toward longer term rental because even if I secure midterm tenant, that 14% more isn't really worth the potential vacancy.
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18 October 2024 | 8 replies
DSCR loans don't require personal income verification or a debt-to-income ratio, making them ideal for properties with strong cash flow, even if the current owner has credit issues.Here's how it could work:You could use a DSCR loan to refinance the hard money loan, securing more favorable terms without having to involve the seller's credit.Since the rental income easily covers the property’s debt service, you’ll be in a good position for lender approval, bypassing the conventional mortgage route.This approach could allow the owner to stay in the house, while you take over financing with a less restrictive structure.