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23 September 2024 | 4 replies
This lets you reinvest proceeds into a property that better fits your long-term goals without the pressure of higher mortgage payments.Hope this helps.
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19 September 2024 | 18 replies
Simple accounting needs In that case, Azibo may be a great fit.
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25 September 2024 | 29 replies
Hey Scott,I took the TT intro course, bought the training, and attended one of their three-day workshops.Prior to enrolling, I searched for lien/deed training courses and TT has an excellent SEO manager, so I ended up going that route.
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21 September 2024 | 8 replies
My wife and I own a fitness studio just outside of Toronto, ON.
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26 September 2024 | 32 replies
That’s an excellent point about making a lot of offers at the price that makes the deal work.
22 September 2024 | 13 replies
At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.
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21 September 2024 | 7 replies
DSCR Loans in second position is not a thing - you might find a DSCR Lender that have other products that fit this need, like a Closed End Second or HELOC, but they aren't really "DSCR Loans" - I think you are likely looking for a CES (it is true however that you are correct in looking at the same place though, most of the lenders offering this on rentals are also DSCR Lenders)
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20 September 2024 | 23 replies
Think you might be a great fit?
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24 September 2024 | 49 replies
The only thing that matters is will they pay on time and take care of the property, and you'd be surprised at how many people who fit the perfect applicant do not do either.
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20 September 2024 | 3 replies
If the rents are equal to that or greater its fits under a standard DSCR 1 to 1 ratio or 1.00%.Example $280K purchase 20% down $224K loan at 6.99% $1,488.77 P&I.