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14 November 2024 | 0 replies
Used a local attorney to handle the closing docs for a lower fee.
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19 November 2024 | 24 replies
Even if they don't catch you now, they will catch you later when you try to sell a 2.5 bath that is only a 1.5 bath and the lower bath needs to be removed and capped.
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14 November 2024 | 5 replies
My goals would be to increase monthly cash flow and have more access to the property's equity for things like Cap Ex, etc....Here's a blurb from a lender's website:"By combining banking functionality with home financing into one dynamic instrument, borrowers are able to save tens of thousands of dollars and years off their loan""Designed after popular programs around the world, the All In One First Lien HELOC is the nation’s first transactional offset type-mortgage program.Home financing and banking combined:Deposits lower your loan’s principalFunds remain available for expensesInterest is calculated on the average daily balanceThis lowers the monthly interest paymentsTens of thousands of dollars can be saved over the life of the loanMortgage freedom can be achieved in half the time or less
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14 November 2024 | 15 replies
Consider investing in landlord-friendly states with lower property taxes and regulations.Good luck!
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19 November 2024 | 23 replies
This results in lower vacancy rates and better tenant retention.4.
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19 November 2024 | 14 replies
It's basically set up for MTR and much less hassle, but less vetting, and way lower cost.
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18 November 2024 | 16 replies
Hi @Philip Jones,For the refinance aspect, the main factors will be the FICO Score, cash flow of the property, and as-is value.A Higher FICO will let you get a larger loan size and lower interest rate.Good Cash Flow will ensure that your property will be profitable for you and enable you to get the max loan size that your FICO allows for.The As-is Value will play an important role in making sure that you meet the minimum requirement for a DSCR loan of 100k, but also in making sure that the rehab work that has been done provided significant value add.
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15 November 2024 | 8 replies
I say hey, I have a buyer who is interested in the property, but at a significantly lower price.....can you check with your seller to see if it is even worth of time to putting that offer on paper. 95% of the time the answer is No.
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14 November 2024 | 8 replies
It has worked very well also at lowering the barrier.
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15 November 2024 | 17 replies
If you're in one of the Primo in-town neighborhoods your rent floor should be higher.Compared to short term rental - your gross rents will be lower, but that comes with lower headache.