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13 June 2024 | 31 replies
Keep in mind these are different products for different markets: Hosts is the former YourPorter product and bought out to address an entry level < 10-20 listing portfolio , Guesty for Pros is the big brother with more advanced direct booking website and advanced features for larger portfolios.
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12 June 2024 | 8 replies
I've seen several that have rental restrictions, so you may run into this when looking at the single-family product.
12 June 2024 | 3 replies
But I have changed my mind and I've decided to sell, and I think I might have been better served with a different loan product, had I known that I would want to offload these properties back then.
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12 June 2024 | 7 replies
When rates come down, you can refi whatever loan product you used to lower your rate.
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11 June 2024 | 4 replies
For developers & investors in North America, there is a new route to market leveraging on proactive product based offsite construction solution.
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11 June 2024 | 5 replies
If you don’t meet criteria for 2nd FHA, maybe look for a conventional product as there are many more options available than there used to be.
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12 June 2024 | 47 replies
Love this thread, I'd offer that we are in Dallas and offer in person appointments too.Is there a structure or product that we could offer the market thats better ?
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11 June 2024 | 16 replies
as Update to this post from 6 years ago, there are heloc's on owner occupied 2-4 unit properties up to 89.90% CLTV or combined loan to values (meaning multiple loans but all together not exceeding 90% of the value).Terms typically areinterest only first 10 years and drawable from the lineyears 11-30 its Principal and interest payment Prime index/rate + margin (this portion is fixed but prime is not)underwriting is done assume prime + margin + 2% stress test for underwriting meaning if your prime + margin was 10% then your underwriting rate used to determine your maximum line you can qualify for would be 12% rate as an example based on principal and interest payment over 30 years or 360 monthsIncome is the main determinant of your qualification and fico min 680+ is just the min score to get through the "front door,"Maximum DTI or debt to income allowed is 45% DTIMaximum lines on this product go from 500-750k so you can get a decent line size that can actually buy other BRRR's or fix flips and deals.
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11 June 2024 | 5 replies
I will tell you, having personal stake in the business can create *significant* financial opportunities depending on production.
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11 June 2024 | 0 replies
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