
10 December 2024 | 5 replies
Quote from @Garrett Karnath: Quote from @Jason Wray: Garrett,If you are talking about reducing closing costs including the banks side you can ask the sellers for a "Seller credit" which they can offer up to 6%.

12 December 2024 | 3 replies
This type of partnership will likely include managing partners and acquisition managers tasked with finding and structuring the deal.

12 December 2024 | 17 replies
It would be nice to start a group which meets with regular cadence so that attendees could plan to include it in their schedules.

15 December 2024 | 9 replies
My prediction that these "bans" and regulations are all going to pretty much converge into reasonable middle ground regulations (mostly including taxes fees) is still looking very good.

15 December 2024 | 14 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

12 December 2024 | 6 replies
You may need to disclose that you repaired this to buyers and want to include more detailed information about what was done.

13 December 2024 | 12 replies
Out of curiosity, what would you offer to make it more appealing if I did decide to offer with the financing contingency included?
12 December 2024 | 4 replies
However, the price would include the 7 duplexes, 2500 sqft Single family, and an additional 3.5 acres of vacant land attached, all located less than 1 mile from High Point University.

12 December 2024 | 6 replies
Yes - you should budget all the associated "costs" with the rehab including renovation costs, holding costs, selling costs, etc.

12 December 2024 | 5 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.