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26 November 2024 | 3 replies
Generally, grouping allows you to count all your hours collectively toward the 500-hour threshold, simplifying the qualification process for multiple properties.
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26 November 2024 | 3 replies
Meyers to discuss this nationwide and Lehigh was the poster child for massive subdivisions allowed to be platted without enough infrastructure to allow a full build out..
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25 November 2024 | 4 replies
Management has to allow you to STR, and not change their minds in the future.
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25 November 2024 | 6 replies
What types of criminal history will you allow vs not?
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5 December 2024 | 31 replies
How much higher is vacancy allowance when running numbers?
26 November 2024 | 7 replies
This can be a city or neighborhood.We manage a lot of Class C properties in the City of Detroit, so previous evictions are common.We typically do NOT allow within the last 3 years and we want to see stable employment, income and no other major credit issues since.For Class B rental we're looking for no evictions in last 5 years.Class A, would be at least 7 years.Of course, there are exceptions to all of the above for extenuating circumstances the applicant is willing to provide acceptable documentation for.
25 November 2024 | 2 replies
Some will do short term loans that allow us to buy, rehab then refi.
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26 November 2024 | 4 replies
As a park owner I will not allow you to own and sublet.
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24 November 2024 | 5 replies
At one of our areas of mixed use, no residential is allowed on the first floor.
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25 November 2024 | 11 replies
If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.