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13 July 2024 | 9 replies
Tenant has caused physical damage to the property (the interior is overall trashed, the latest damage is to the exterior siding around the main entrance as if from someone wanted to break in)Thank you everyone in advance for your input on this.QUESTIONS:1) Notice to Quit - The new lease signed with our tenant included the following clause: "If tenant breaches this lease for any reason, tenant understands and agrees that tenant has waived or given up tenant's right to a notice to move out unless a different period for providing notice is required by local ordinance or is stated here:..."
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11 July 2024 | 22 replies
Also, paying $500 extra reduce the payout period by about 15 years.
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12 July 2024 | 7 replies
Once you figure out what type of property you are looking for, laying out the repayment period for investors will help as well.
11 July 2024 | 4 replies
A DSCR Loan doesn't likely make sense here if you would look to exit the loan in that short a time period
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11 July 2024 | 11 replies
In my opinion, it doesn't sound like a bad deal.10% is more than you would get in treasuries and corporate bonds36 months is not a super long period of time.Seems like you are protected with 1st position.I would just do some background on the company - How long have they been in business, financials on how the company performed for the past 2-3 years, along with some background information on the sponsor/founder of the company.Best of luck.
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14 July 2024 | 26 replies
Except for a two-week period, Ms.
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10 July 2024 | 9 replies
Yield assumes that the cashflows are reinvested at the same rate of return and periodicity for the entirety of the life of the asset.
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12 July 2024 | 155 replies
This is definitely an anomalous period.
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10 July 2024 | 1 reply
They have excellent payment history, and their credit can be explained with a history of opening several credit cards and a brief period during covid with a few missed payments.
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10 July 2024 | 6 replies
Failed listings could mean canceled listings, expired listings, or where there have been no updates to a listing for X period of time and they just move them to failed.Equity could be calculated based on FMV - original mortgage OR FMV - estimated current mortgage amount.