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26 January 2025 | 3 replies
With $50K and a DSCR loan, your budget will likely cap at properties in the $150K-$170K range, depending on the closing costs and any repairs needed.
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27 January 2025 | 1 reply
I have 2 rentals in SW FL- both have open insurance claims and a public adjuster is involved.My insurance policies renew April/May.
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22 February 2025 | 6 replies
Like any tool, you have to know how to use it correctly or you could get, "injured".We use it to quickly sift through multiple options - and that's about it.BP has a Rental Calculator that includeds everything you are asking about: mortgage P&I, property taqxes, home insurance and percentage for maintenance & vacancy.It also includes Cap-Ex percentage, but in our experience it's a waste of time to worry about this.
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19 February 2025 | 19 replies
We put together a purchase price, interest rate, insurance cost, and property taxes.
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8 February 2025 | 13 replies
If your insurance coverage isn't enough, they could seize the LLC assets but not your personal assets.Additional thoughts:1.
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29 January 2025 | 4 replies
.: Anyone with experience (and/or referrals to lenders) with non-recourse loans?
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22 February 2025 | 6 replies
This seems ridiculous to me considering that's almost 40%-50% of the loan we are seeking.
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11 February 2025 | 4 replies
I have closed three loans with The Mortgage Shop.
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9 February 2025 | 33 replies
If you have any loan questions feel free to reach out.
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3 February 2025 | 25 replies
Not all loan officers are created equal.