My understanding is that it will mainly be derived on the life tenant's age and value of the condos at the time of sale.

The main variable that jacks up the assessment value is the household income of every neighborhood you find those lots in, I’ve seen lots in low income areas that had a much lower acreage value.

More specifics - the main issue is failure to include the lien holder in the foreclosure suit (the State of Maryland was named, but not the MD Dept of Health). 

mainly cosmetic: stained floors, repaint, may need to replace carpet with hard wood, resurface cabnets, new shower, repatch water damage. 

One of the main reasons I got into this industry is my passion for helping people and wanting to guide people into a good loan product for them based on their needs. 

Although I mainly focus on small multifamily, I did start with SFR and duplex/triplexes.

Updated Property with more amenities, maximized beds from 2 queens to 3 beds ( 1 king + 2 queens) , and remodeled exterior with a much more appealing hangout space that includes hot tub/outdoor dining/geodesic dome. 2.

Hi Rebecca, DSCR's are great loans for refinancing your investment properties and below are the main things to keep in mind for yourself.1.

The main driver? 

It’s been unable to sell because the original house was a single wide in the 70s that was then added on to.This makes financing either difficult or very expensive for people (especially since it’s a low price point and mainly first time buyers).We would be paying cash - so it’s not an issue for us.