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5 December 2024 | 6 replies
(no waiting period to simply refi what is owed) DSCR programs are not purchased by Fannie/Freddie so they can set their own rules and some have a waiting period as short as 3 months.
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5 December 2024 | 10 replies
It took a while to find trustworthy advice about this but I read the text of the law and it explicitly stated this, so I was lucky.2) The time you have between selling and identifying the replacement property is very short, and the time you have between selling and purchasing is also short.
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4 December 2024 | 1 reply
The short answer is I look for 9% min and try to press it to 11% with those strategies along with rental increases once improvements are made and the tenants know you actually care about the property.
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12 December 2024 | 19 replies
We served the second tenant shortly afterwards and once they saw how the other situation played out, my wife was able to work with them to get them out without going through an entire eviction process.
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5 December 2024 | 11 replies
Mashvisor (Real estate investors looking for short term investments) 7.
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3 December 2024 | 4 replies
@Daniel Hartless for any condos that allow STR, you will not be able to get away with 10% down as a second home, because conventional loans do not allow financing for a short-term rental and will require a minimum of 20% down.
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4 December 2024 | 7 replies
Considering a mix of long and short term rentals, with the STR’s being non-traditional structures targeting glamping clientele.
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5 December 2024 | 6 replies
It wasn't long after a good bit of offers that my first deal got accepted - a short sale on a condo that I would up living in while renovating.
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4 December 2024 | 4 replies
I also have been in the Wilmington area for a short time.
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8 December 2024 | 12 replies
There was a short time where they would keep finding new things every time they were at a property, even for reinspection (small nuisance type repairs usually).