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18 October 2024 | 8 replies
DSCR loans don't require personal income verification or a debt-to-income ratio, making them ideal for properties with strong cash flow, even if the current owner has credit issues.Here's how it could work:You could use a DSCR loan to refinance the hard money loan, securing more favorable terms without having to involve the seller's credit.Since the rental income easily covers the property’s debt service, you’ll be in a good position for lender approval, bypassing the conventional mortgage route.This approach could allow the owner to stay in the house, while you take over financing with a less restrictive structure.
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18 October 2024 | 4 replies
Save the money, clean it till it shines, maybe basic improvements like a few new light fixtures or at least matching/bright lightbulbs, maybe a few new faucets, some paint touch ups and sell.If you’re hiring a Realtor®, they can tell you pricing in current condition versus pricing with a few minor changes.
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16 October 2024 | 2 replies
I'm on the fence with a mid grade carpet that gets replaced with each tenant, versus a higher quality that can stand up to stains and cleans well.
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18 October 2024 | 0 replies
While previous offers were rejected, this latest proposal has prompted the company to reassess its options.In conjunction with these closures, Seven & I has announced a $520 million sale-leaseback transaction involving several 7-Eleven locations and plans to create a spinoff for its non-convenience store operations.
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19 October 2024 | 5 replies
Seller financing is very hard to get.Most seller has the intent of collecting all the money upfront for a new property.To entice the seller to accept a low down payment, agree to the purchase price without negotiating, cover the closing costs and if there are any commissions involved with brokers/agents.
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16 October 2024 | 1 reply
We have a pretty solid lease that has served us well on our properties but on the most recent move-out by a long-term tenant that always paid early, we had to clean from floor to ceiling and everything in between.
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17 October 2024 | 10 replies
Because of this, they have changed their fee structure on me two times in the past two years2) They don't have back up cleaners so when the cleaner can't clean, they block off my calendar3) They do not have easily legible financial statements and do not provide 1099s 4) They have made decisions that have required my money without consent5) They block off check-ins on Sundays6) They are not great with technology - though they try to use hostfully to list on many platforms, I will frequently see that my listing is not up on VRBO for example.
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21 October 2024 | 176 replies
The only thing crashing are the ones not getting involved in this market, a lot of money to be made!
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17 October 2024 | 12 replies
Steam cleaned the carpets, etc, and he determined there was no damage.
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18 October 2024 | 7 replies
I have properties in the city that I allow pets bc I know those tenants will be required to clean up after them per city laws.