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6 December 2024 | 17 replies
Maintain a credit score of 620 or higher, save for a down payment, and research markets carefully.
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8 December 2024 | 9 replies
I get paid within a day of arrival (I now set up direct pay so I will handle my own payments going forward).
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6 December 2024 | 10 replies
You share the lease, you share his payment history, and you give a total of what is owed.
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5 December 2024 | 25 replies
The website 51west.properties also scores low on scam advisor ("owner is using a service to hide their identity, high number of suspicious websites on the server, registrar has a high % of spammers and fraud sites, website is (very) young, website appears to be hosted by a company with a bad reputation", all according to https://www.scamadviser.com/check-website/51west.properties...)Trust your instincts.
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4 December 2024 | 17 replies
My current monthly mortgage payment plus projected future mortgage payment (2900+2900 = 5800).
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5 December 2024 | 6 replies
They typically have multiple origination points (meaning very high closing costs) very high rates (compared to conventional but also compared to 6 month or longer waiting period DSCR products) and almost always have VERY long pre-payment periods up to 5 years.
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6 December 2024 | 2 replies
No, just inform them you are the new owner (they may want proof) and provide them with the address to send payments.
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7 December 2024 | 2 replies
Late rent payments, etc.
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4 December 2024 | 7 replies
That way we could start renting without needing a new down payment and all of the closing costs.
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4 December 2024 | 32 replies
I am wondering if my first steps (past the education part) is to build a network of people who know, like, and trust me through posting content like newsletters, articles, podcasts, doing webinars, going to events (aka build my brand), or, should I first find a deal and then raise capital?