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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.
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17 October 2024 | 4 replies
But it's not in walking distance to hospitals or downtown.
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18 October 2024 | 0 replies
While previous offers were rejected, this latest proposal has prompted the company to reassess its options.In conjunction with these closures, Seven & I has announced a $520 million sale-leaseback transaction involving several 7-Eleven locations and plans to create a spinoff for its non-convenience store operations.
30 October 2024 | 94 replies
Get yourself in front of it first, you also completely ignored any risk factors(for reserves).And trust me, as someone who bought 40 + in one year, there's a ton more work and a ton, ton more capital involved.
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17 October 2024 | 6 replies
That said, I’m also open to other investment opportunities (especially those within a reasonable driving distance of Austin).I’d love to connect with anyone who has strong knowledge of the Austin / regional market or experience with similar investment strategies, so feel free to reach out.
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19 October 2024 | 5 replies
Seller financing is very hard to get.Most seller has the intent of collecting all the money upfront for a new property.To entice the seller to accept a low down payment, agree to the purchase price without negotiating, cover the closing costs and if there are any commissions involved with brokers/agents.
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17 October 2024 | 8 replies
If you’re looking to invest long distance, I definitely recommend building your core-4 team.
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17 October 2024 | 10 replies
If you are in a relationship and want to invest, there is one thing you must be sure of before you start your journey.You have to be on the same page about real estate investing.Almost every story of a successful investor has a cooperative partnership and agreed view on investing as a couple (and a plan for the kids if they have them).Both parties don't have to have the same level of involvement.
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17 October 2024 | 3 replies
This involves updating the property records and ensuring that all units are now under a single tax identification number.
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18 October 2024 | 2 replies
It typically involves the following steps:1.Seller Deliverables.