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31 December 2024 | 6 replies
If you can’t search with the search tool by member “category: that would be another miss.
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22 January 2025 | 56 replies
I wouldn’t yet fit into the ultra wealthy category.
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27 January 2025 | 56 replies
.-- There will be some new category of property created between residential and commercial, as @Robin Searle noted.
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19 January 2025 | 9 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.
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4 January 2025 | 9 replies
I am not quite sure what category I fit into since I’m not a completely foreign investor, but I also don’t have a W2 or current residency in the US.Curious if any Lenders here have advice on how to seek financing.
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27 December 2024 | 15 replies
So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on. 2.
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7 February 2025 | 40 replies
I don't know if varies based on the size of the note or not.
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6 January 2025 | 3 replies
I understand it varies from city to city.
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19 January 2025 | 11 replies
On top of that, the rent-to-price ratios in Detroit often outperform other markets, which can mean solid cash flow alongside appreciation potential as the city continues to grow.The key with Detroit is understanding the nuances of the market—it has a large footprint, and neighborhoods can vary drastically, even block by block.
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6 January 2025 | 5 replies
I wouldn't consider myself in the predator category LOL.