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7 July 2024 | 14 replies
Many lenders will even utilize proposed or STR income to qualify.
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9 July 2024 | 8 replies
The list is huge, but includes things like monetary risk, legal differences, government corruption risk, management risk, supply chain issues, insurance practices, utilities, tax differences, banking differences, etc.
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9 July 2024 | 20 replies
As one from a different position, I would keep the $300k in a high yield account and continue to shop for distressed properties in the same HCL areas and the utilize the $300k as a downpayment, rehab cost, etc for one deal.
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8 July 2024 | 2 replies
. - Strict local regulations can also sometimes increase compliance-related maintenance costsCost-saving strategies I've seen help:- Preventative maintenance programs can help reduce overall costs obviously - Some investors report success with in-house maintenance teams for larger portfolios- Energy-efficient upgrades can help reduce utility costs in the long runYour specific costs will depend on factors like the age and condition of your properties, your management style, and the specific neighborhoods you're invested in, but hope this helps!
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8 July 2024 | 6 replies
My father served in the Navy for 4 years - Can I do a joint loan with him and utilize the VA loan options?
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8 July 2024 | 7 replies
I looked through all of Greenville and your property is on the low end for a 3bed/2bath.Sitting vacant for seven months has cost you $11,000 or more ($1500 rent + $150 utilities).
7 July 2024 | 2 replies
Also especially for DSCR they will want a family strong appraisal and comps, but some lenders can also utilize proposed DSCR income to qualify.
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9 July 2024 | 21 replies
Start by itemizing the expenses and send them an itemized invoice; include unpaid rent, utilities, etc.
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9 July 2024 | 28 replies
REASSURE THE AGENT THAT THEY WILL BE STILL RECEIVING THEIR $2K PLUS THAT THEY WILL BE USED AS THE LISTING AGENT WHEN YOUR FINANCIAL ENTITY IS COMPLETED WITH THEIR REHAB--- (SIDE NOTE: MAKE SURE YOUR CASH BUYER TRULY DOES USE THE AGENT FOR THEIR DISPOSITION- IF YOU DONT KNOW THE BUYER WELL ENOUGH, I'D EVEN PUT A CAVEAT WITHIN THE ASSIGNMENT CONTRACT STATING THAT CONTRACT IS CONTINGENT UPON CASH BUYERS PROMISE TO UTILIZE THE "AGENTS FULL NAME AND LICENSE #" WITHIN THE ASSIGNMENT- THIS WILL OBLIGATE YOUR CASH BUYER TO KEEP YOUR PROMISE TO THAT AGENT TO USE THEM FOR THE DISPOSITION- MAKE SURE THE CASH BUYER FOLLOWS THROUGH WITH THIS AS WELL - KEEP YOUR PROMISE TO THAT AGENT AND YOU WILL BE ABLE TO DO BUSINESS IN THE FUTURE WITH HIM OR HER.NOW- EVERYONE KNOWS EVERYTHING (TRUST ME- IT WORKS)AGENT WILL NOT COMPLAIN WHY?
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7 July 2024 | 3 replies
It is one reason that leveraging under utilized zoning to add a unit is often a better option than the ADU addition (the appraisal associated with ADUs being the other).You can always search for the other finance options (owner financing, rent to own, commercial loan, etc.).Good luck