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9 September 2024 | 9 replies
In terms of the loan(s), I currently have a steady and competitive W2 job and very low DTI, however I’ll ensure to verify the rules and regulations for rental income when shopping lenders, so I don’t hit a roadblock when buying the next rental.
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10 September 2024 | 14 replies
Investors have to dive further into the actual OTAs so they can learn true numbers.
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13 September 2024 | 23 replies
The point is that sometimes you have to get a bit creative to see the true potential.
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9 September 2024 | 2 replies
With tech scenes in Austin and Texas booming in recent years, that trend of Californians moving to the Lone Star State is true for companies too.
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11 September 2024 | 13 replies
Human psychology is smaller, more often increases are more acceptable than one big increase even though the opposite is true mathematically.
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11 September 2024 | 12 replies
He’s helped quite a few BP members successfully STR in the area and is a one stop shop for all STR needs.
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10 September 2024 | 7 replies
What Prashanth said above is true, development sucks (I've been a land broker who sells to builders for 15 years).
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9 September 2024 | 22 replies
Excellent location in Mesa.I shopped around and I found a mortgage broker who was able to get me a 6.99% rate who took the loan to UWM (united wholesale mortgage).I negotiated a $15k seller concession I used for a 1-0 buy down so my rate for 1 year will be 5.99% and then revert to 6.99% for 30yrs. and then we used the rest of the concessions for closing costs. in 6 months or 12 months I will revisit to see if mortgage interest rates dropped significantly to justify a refinance to lock in a lower interest rate.part of the approval process for the Fannie Mae 5% mortgage is to make sure that i could afford this property and that i have good credit, my income is consistent and stable and it reflects that on my tax returns, I have sufficient capital reserves for the subject property and my other 10 Multifamily properties (6 months of PITI for the subject and then it's percentage based off of the loan amounts and how many properties you have)I agree, the more that government "helps" they therefore are increasing pricing.
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12 September 2024 | 54 replies
This is particularly true for absentee owners.
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10 September 2024 | 43 replies
Is that always true?