
11 October 2024 | 4 replies
They used horrible 2 year bridge debt to finance it.

10 October 2024 | 1 reply
They are also getting a seller's concession which will keep their acquisition costs down.The deal will cashflow from day 1 after debt service and ALL operating expenses.

9 October 2024 | 10 replies
They cut operations staff down to bare-bones, cancelled over 1,000 listings with no notice, and moved entirely to a revenue-share model (which is why they eliminated those 1,000 listings, as they were non-revenue share).

11 October 2024 | 5 replies
They used horrible 2 year bridge debt to finance it.

9 October 2024 | 3 replies
Right now, I'm coming to the end of a debt payoff journey.

10 October 2024 | 7 replies
Most DSCR are LTR loans and use LTR income to cover the debt but you are free to STR the property if you would like...I think that is what you mean??

10 October 2024 | 7 replies
Having the rental won’t prevent you from securing other loans if it’s profitable, as lenders consider rental income in your debt-to-income ratio.

11 October 2024 | 7 replies
Lien: This is a legal claim or hold on the property to secure payment of a debt.

10 October 2024 | 9 replies
Here’s why:Complete Control and Lower Risk: With a cash purchase, you eliminate many of the complexities that can come with loans, such as interest rates, appraisals, and financing contingencies.
8 October 2024 | 4 replies
This would also eliminate the need for gas at the property as you can go all electric in the buildingI am not sure on the cost per se.