
12 November 2024 | 17 replies
Quote from @John Mason: Yes when you go to Zillow to the house and look for Market value tab you will see some thing like thisZestimate® history+192% in last 10 yearsThe CEO of Zillow sold his own home at 40% BELOW the Zestimate, so I would caution that Zestimate ≠ Market Value.

13 November 2024 | 23 replies
To qualify for debt, lenders generally look at net worth (aim for the loan amount), liquidity (10% post-close), experience, and a solid credit score (ideally 680+).

13 November 2024 | 18 replies
Request for maintenance records and tenant payment history.

7 November 2024 | 6 replies
Portfolio loans, asset-based lenders, and home equity lines of credit are all alternatives to traditional borrowing.

13 November 2024 | 7 replies
Also, be aware that if you are thinking of doing a BRRRR that maxing out your HELOC can have a negative impact on your credit score so when you go to do the refi you may potentially run into issues.

11 November 2024 | 16 replies
Quote from @Jon Martin: Quote from @JD Martin: I've got a long enough history with LTRs to know that generally you don't want tenants doing more or less anything because it's amazing how little common sense a lot of people have, and this translates into not asking guests to do chores because 1) they've paid a cleaning fee, 2) it's a vacation even if it's a home, and 3) guests that do chores might just put dirty towels back on shelves and dirty dishes back in cabinets.

7 November 2024 | 1 reply
obviously it would have to be no income verification lender. i understand that the interest rate might very well be higher. i have good credit and an impeccable payment history. im looking to consolidate and pay off debts other than the property. much thanks in advance

11 November 2024 | 16 replies
Your credit cards should be used as a last resort.

13 November 2024 | 4 replies
They operate like a credit card - when you are not using the money you don’t accumulate interest, when you are using the money you accumulate interest and need to make monthly payments.

11 November 2024 | 2 replies
Will it match the statement amount up with the actual credit transaction for the bank account attached to Stessa?