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11 December 2024 | 13 replies
Something to keep in mind is the lending options change when in LLC, so leverage owner occupied loans for Refi/HElOC etc go away once you move out.
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7 December 2024 | 6 replies
The other option would be diving deep with a bookkeeper to have them help run more updated books than just monthly.
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5 December 2024 | 4 replies
It'll restrict that cash flow, but unlock a nice option for the family.
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7 December 2024 | 150 replies
Interesting how the best option for learning how to make a cake didn't involve spending lots of money on a cake making training course... :-)
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26 November 2024 | 35 replies
But when you can qualify and deal with the process before then - usually worth it to do bank options like this until you hit the scaling point (could be 3 rentals could be 5, could be 10 etc - no real "hard and fast rule")
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12 December 2024 | 49 replies
Currently looking at investment options in the downtown side.
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6 December 2024 | 2 replies
Your lender will have the exact details.If the current leases don't align with your timeline for moving in, another option is to explore a DSCR (Debt Service Coverage Ratio) loan or a traditional investment loan.
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5 December 2024 | 3 replies
It’s a win-win: investors get the capital they need to grow their portfolios, and lenders earn competitive returns with a relatively low-risk investment.It’s worth considering if you're looking for more funding options or better returns!
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7 December 2024 | 7 replies
If that's not an option than you'll have to close and serve notice yourself and abide by your local laws.