
16 September 2024 | 1 reply
I would wait until I do the refinancing to quit my job, and for the next refinincing I would use DSCR loans.Has anyone done that or is doing that?

17 September 2024 | 38 replies
I served my tenant a notice to quit and she is very upset and sent me a nasty text said I humiliated her in front of her kids and neighbors….

18 September 2024 | 6 replies
don't want to post any of those details from their Webinar until the deal is closed, wouldn't wish to scuttle/affect their deal other than they are assuming agency fixed debt at a good rate.but they don't mention what percentage of tenants are section 8, but do say that Sponsor has specific experience in this class of MF, don't mention if they are putting any capital into the deal nor capital call provisions, they most likely specify all that in their Offering Memorandum, which i have not requested, as I didn't think the returns quite merited the risk right now.

16 September 2024 | 10 replies
I have a lender, I would work with the same law office as previously, I have an insurance agent, I would find a home inspector, I would coordinate with the lender on the assessment - I feel quite capable of managing all of that.

17 September 2024 | 12 replies
The risk profile for someone who's a local GC and has worked on structural rehab buying a portfolio in a building is quite a bit different.Also, situations like this where professionals can properly evaluate risk and bring in capital to solve the problem of said older folks is a way to earn income and make a positive impact (assuming you're not low balling the distressed, fixed income seller).
16 September 2024 | 8 replies
I have accepted tenants, quite a few actually that had previous bankrupcies and it has always worked out for me.

15 September 2024 | 14 replies
Quote from @Laura Krukowski: Hi Elias,That particular loan has been paid off in full but it hasn’t been quite a year.

16 September 2024 | 2 replies
Haven't had to exercise this quite yet but I'm wondering if you can have the same kind of stipulation where you're allowed to pass along costs directly associated with your tenants setting off the alarm if it's the same person repeatedly?

17 September 2024 | 17 replies
Its really going to come down to multiple factors, including your personal situation/strategy but it appears you are definitely thinking about things in exactly the right way.I'd say since it doesn't seem to be an "urgent" need - I'd advise talking to some lenders and since the rate environment is still moving quite a bit, settle on a interest rate / points combo that is "your number" and when market rates move down to that point - have the lender contact you and get ready to go, and just wait until that occurs

16 September 2024 | 28 replies
@David Segatti he has been active here for quite a while.