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18 June 2024 | 13 replies
I did my own due diligence on the firm and based upon that was comfortable investing a small amount into a deal to try them out.
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18 June 2024 | 0 replies
Ensure the plumbing and electrical connections are regularly checked for any leaks or faults.Lighting and Fixtures: Modern light fixtures and ceiling fans add aesthetic value and comfort.
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17 June 2024 | 3 replies
Second, the height of the railing is a little shorter than code allows, or I am comfortable with in a rental.
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17 June 2024 | 9 replies
I would love to connect you with my broker who is also an investor in Oklahoma City and hop on the phone with you as well to help pinpoint concerns you may have and provide more clarifying information if you're interested- I do also understand if you have a lot of agents in your inbox or one's you're comfortable with already so this is no pressure at all!
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18 June 2024 | 12 replies
Still, we would love to open a place with a little bit of everything we love from each venue.It seems to be profitable but we’re not in a place where it makes sense for us (yet) because we’re focused on further building our rental portfolios to be able to comfortably afford the land, building, and equipment we need to operate at a high level.
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17 June 2024 | 9 replies
We no issues closing in an LLC, as a matter of fact most of my lenders will prefer it (assuming it is not your primary residence)Assuming it is not your primary residence, the easiest way to do this deal would be through a DSCR Loans.A DSCR Loan will use current rents or market rents if the property is vacant and personal tax return from you would NOT be required.It also referred to as a No Ratio Loan because your personal Debt To Income is not important.What is important is that the property can pay for itself.If we keep the LTV Low the rate for this loan can be better than a conventional loan.If you ARE Living in the property and you want to keep it... it would mostly depend on how motivated you are and how willing you'd be to "postpone gratification"The best bet is still a DSCR Loan.. which means you moving and renting the property out.We can bring in Asset Based Financing that can help with cash down (if you need it) or to pay cash for another property for you to reside in.Once you're moved out we can do the DSCR Loan at a 70% - 80% LTV or we can calculate a comfortable cash flow number.For example, max cash out that will give you $500 cashflow after a full PITI payment.Let's discuss more!
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17 June 2024 | 10 replies
If separate entrances are not already in place, consider installing them, as well as soundproofing, to reduce noise between units and increase tenant comfort.
15 June 2024 | 4 replies
A primary residence on a 15yr mortgage with a 3.1% int rate... a comfortable payment.
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14 June 2024 | 5 replies
I wrote in the final Move Out Condition Report all the same areas, and at the end stated “$550 is deducted from $XXXX security deposit for cleaning of the living room/dining, bathroom, 2 bedrooms, and garage.
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18 June 2024 | 69 replies
Many title Co's do cut and dry transactions and are not comfortable closing deals in this manner.