27 February 2024 | 9 replies
As to marketing, homeowners are swamped with letters all saying essentially the same thing - e.g.
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26 February 2024 | 10 replies
Been there done that, and I learned that if your tenant doesn't get scared of the 5 day letter and the letter after that you started eviction process, they won't care about their credit much either.
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26 February 2024 | 12 replies
Generally, the rate might be higher on DSCR Multifamily but counteracted with a superior 30-year fixed rate (fully amortizing or even IO for 10 years) which can actually have a bigger effect on monthly payment and takes away any balloon or floating rate risk.https://www.biggerpockets.com/blog/multifamily-dscr-loans
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26 February 2024 | 5 replies
Typically the UW will ask for a letter of Explanation written to explain the reason.
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26 February 2024 | 20 replies
We received a letter from HACC within the past 2 months stating that there would be no new vouchers and no new properties - I checked the website and it says "open with exceptions."
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26 February 2024 | 3 replies
Learned about time of the essence letter and how a seller can force you to close in 10 days.
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25 February 2024 | 2 replies
Hello, I’m looking at buying improved land in a market near mine (Spokane, WA). The goal is to buy land while cheap(er) and sit on it for a year or two while I raise capital to build and hold a fourplex.
I don’t have...
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26 February 2024 | 16 replies
The fact that you travel for line work could satisfy a the UW's concerns or supply a letter of explanation.
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28 February 2024 | 130 replies
Since we don’t shop our interest rates around they gave us 7 year versus 5 year balloon terms.
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26 February 2024 | 9 replies
Get a strong pre-qual letter with an investor oriented and experienced lender (some of the best I've met on BP) and have a contingency plan.