
17 June 2024 | 8 replies
Personally prefer SFR..Not sure about DFW but do have a realtor reference for you..be sure to budget for furniture and furnishings if not sold turn-key..a seller concession is a great way to preserve capital for MTR or STR's..check in with @Joseph Chiofalo for an investor friendly lender..he's excellent at helping structure loan programs for investments.

20 June 2024 | 245 replies
2001 and 2008 references?

17 June 2024 | 26 replies
Let her know who referred and you will get special service.

18 June 2024 | 53 replies
@Evan Bell "Flagged" properties refers to hotels that are a franchisee of a hotel chain.

17 June 2024 | 8 replies
I would look for a provider who provides some sort of warranty or guarantee, and ask for references.

17 June 2024 | 26 replies
This is because they will likely have references to reliable and trustworthy contractors and investor-friendly.

16 June 2024 | 3 replies
Montgomery and Anne Arundel refer to them in code as ADU.

17 June 2024 | 9 replies
We no issues closing in an LLC, as a matter of fact most of my lenders will prefer it (assuming it is not your primary residence)Assuming it is not your primary residence, the easiest way to do this deal would be through a DSCR Loans.A DSCR Loan will use current rents or market rents if the property is vacant and personal tax return from you would NOT be required.It also referred to as a No Ratio Loan because your personal Debt To Income is not important.What is important is that the property can pay for itself.If we keep the LTV Low the rate for this loan can be better than a conventional loan.If you ARE Living in the property and you want to keep it... it would mostly depend on how motivated you are and how willing you'd be to "postpone gratification"The best bet is still a DSCR Loan.. which means you moving and renting the property out.We can bring in Asset Based Financing that can help with cash down (if you need it) or to pay cash for another property for you to reside in.Once you're moved out we can do the DSCR Loan at a 70% - 80% LTV or we can calculate a comfortable cash flow number.For example, max cash out that will give you $500 cashflow after a full PITI payment.Let's discuss more!
16 June 2024 | 4 replies
@Mohamad Guene Simple answer - you will be cash flow negative, and your appreciation will be limited.We did a new build once for a rental - it performed miserably cash flow wise despite a great location and property - we ended up selling it 3 years later.There are very few new builds in Huntsville proper - are you referring to an outlying area like New Market or Meridianville?

18 June 2024 | 26 replies
That's great, but he needs to talk with a lender and I have referred him to a few.