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17 March 2024 | 2 replies
I want to run by the biggerpockets world a potential new model I’m working on and I want to be clear this is not intended for self-promotional purposes or necessarily even something I will enact (i’m not even totally clear on the legally of this) but something I want feedback on and also to spark a discussion of alternative agent models.
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19 March 2024 | 30 replies
Yes some folks could argue they are the best realtor in the planet, but if one company thru efficiency process could save seller $35k, they would flock to the alternative.
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15 March 2024 | 5 replies
Email is the easiest way to do it and it is overwhelming sometimes but it is the best option, no other alternatives.
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17 March 2024 | 18 replies
DSCR Rates are going to vary by quite a bit based on multiple factors (more than conventional), primarily FICO, LTV and DSCR - but also buydowns, prepayment penalties, and some alternative structures.That being said, I would say the average rate right now is around 7.5%, but can vary all the way down to 6% or higher than 9% for some special cases (like Multifamily 5+ or Mixed Use)Heres a couple articles on what goes into DSCR Rates (in addition to market) that hopefully helps!
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16 March 2024 | 8 replies
They may be able to help negotiate with the lender on your behalf or provide alternative solutions to mitigate the impact of the increased escrow shortage.Additionally, you could explore refinancing your mortgage with a different lender to potentially lower your monthly payments and escrow requirements.
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17 March 2024 | 17 replies
Are there alternative strategies to leverage my current investments for this purchase?
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15 March 2024 | 4 replies
Consult a mortgage lender with experience in FHA loans to learn more about your financing alternatives and obtain a preapproval.Implement Your House Hacking Strategy: After locating a suitable property and obtaining funding, carry out your house hacking strategy.
17 March 2024 | 24 replies
Alternatively, I could maybe outsource just the liability component and still save a ton on premiums.10k deductibles are not usually an option.
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16 March 2024 | 58 replies
I personally like the exit plan options and alternate job creating industries of college/mid sized towns as long as the regulatory environment is favorable.