11 September 2024 | 8 replies
.), plays a big role.Generally, there are three main refinance options for BRRRR method investors: Conventional loansBank/credit union loansDSCR loansConventional loans are generally defined as loans originated under GSE (Fannie Mae/Freddie Mac) rules and guidelines and securitized.
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9 September 2024 | 10 replies
Properties with garages (especially those located near highways and main roads) can generate at least $400/month per garage space.
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10 September 2024 | 6 replies
I have done quite a few PML deals mainly in Florida.
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9 September 2024 | 4 replies
Yesterday I went to the home to see the condition, there was no car on the driveway… I opened the main door to peep inside…looks like they still have lot of their stuff inside and I can smell bad odor; I just closed the door and returned back.
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12 September 2024 | 32 replies
Masyn - I bought a quad this year and although I had to put down a larger down payment the cash flow will be good/above average in the long term - mainly because the existing rents were $300-$400 below market.
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8 September 2024 | 5 replies
I am a Real Estate investor with properties in Southern NH and Maine.
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12 September 2024 | 9 replies
Mainly some horror stories surrounding what you mentioned (not sending payments to a 3rd party, and then the lender activating due-on-sale).I'm definitely interested in DSCR since it I'm also a travel medical worker and have gaps in work history (will have another one in November), which could make traditional financing tricky (proof of employment).
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9 September 2024 | 3 replies
I agree with all that @Travis Main said above, esp the part of having 10-15% contingency in your budget.
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8 September 2024 | 0 replies
My main goal has been to keep buying rental properties, however, so far my experience has been a very challenging one in Canada because of the tenancy laws, and interest rates.
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9 September 2024 | 7 replies
If someone developed a new property specifically for someone to buy who would be house hacking, what are some of the main things you would want to see in the property?