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20 January 2025 | 8 replies
We do want to settle in a little bit here while continuing to do our homework, but hope to get into something in the next 6-12 months.With the way interest rates are looking now and what little I see on public listings, I think a smaller multi-family that needs a little rehab would be the best bet.
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28 January 2025 | 11 replies
With new programs opening here, there will definitely be an influx of new residents.
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1 February 2025 | 7 replies
Every program has different guidelines!
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5 February 2025 | 5 replies
Being a part of the featured agent program has helped generate leads and build relationships from those leads.
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21 January 2025 | 3 replies
If there’s physical damage dishwasher goes out 3 times in one year like it has in the program I work at the company pays the first $500 towards repairs or the new one.
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4 February 2025 | 11 replies
A lot of DSCR programs I'm familiar with don't cut back LTV like that until you get to 5+, generally 1-4 units are classified together with maybe some kind of rate adder for 2-4.
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24 January 2025 | 3 replies
@Diego L.That's a loaded question that is difficult to answer on a public forum.
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7 February 2025 | 21 replies
Working with a mortgage broker that specializes in DSCR loans will help you find better rates and programs such as lower DSCR ratios such as a DSCR 1 ratio for better terms versus needing a 1.2 or 1.25 DSCR ratio (more on that below).
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7 February 2025 | 12 replies
Most of these program qualifies borrowers with income and very few DSCR.
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6 February 2025 | 2 replies
A while back, a friend of mine stumbled onto a Virginia closing cost assistance program that wasn’t widely advertised..ended up saving $5K just by asking the right questions.