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22 July 2024 | 17 replies
For DSCR we only require LLC docs if in an LLC , drivers license, SS Card if available if not ss89 can be signed, we don't ask for any info on any other properties owned by the borrower, we dont source or require seasoning on funds.
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22 July 2024 | 4 replies
@Nicolette YorkRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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22 July 2024 | 8 replies
We've sourced financing for the construction, but not for the lots themselves.
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23 July 2024 | 16 replies
I don't blame them, because commissions are their only source of income.
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22 July 2024 | 3 replies
Just to give you an example of the type of thing you'd be potentially looking out for, if the community has a pool terrace planned and it's orientation in the new building would face directly towards your property, that could be a source of significant noise and disturbance for you/your tenants, and could make it much harder to sell your property once the new building is built and occupied.On the positive side, new apartment buildings cost millions of dollars to develop and build, and developers really only sink that much money into areas where they're forecasting rent growth and property appreciation for their investment.
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26 July 2024 | 75 replies
Whatever they call them, the loans come from the lender’s own source of funds.
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22 July 2024 | 8 replies
Using a bedroom in your home as an Airbnb, thereby converting it into an active income source, would generally not affect the classification of your other rentals.
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24 July 2024 | 46 replies
Then you need to find your sources to help them.
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22 July 2024 | 12 replies
Here's a few online sources on the matter:The fact of the matter is, the landlord cannot “double-dip,” collecting full rent from one tenant, who has vacated, and collecting again from the new tenant.From: https://corealestateattorneys.com/breaking-a-colorado-residential-lease/In Colorado, landlords are usually required to mitigate damages if you move out of your rental before the lease is up.