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20 September 2024 | 9 replies
Why i ask is i am looking for a DSCR loan and hoping to see better loan rates soon.Thanks Ryan, Jay Hurst, posted an excellent explanation it this very sub forum.
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20 September 2024 | 6 replies
Find one that can be custom to your needs, has flexible pricing, no long-term, high-cost memberships, and excellent customer services to determine how to best market to your leads.If you would like a referral code or more information please let me know :)
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18 September 2024 | 10 replies
Miguel, another excellent idea.
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20 September 2024 | 13 replies
Also if you have very good banking relationships you might get your local community bank that you have all your accounts with to do a loan..
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19 September 2024 | 15 replies
Less functionality than Microsoft Word/Excel etc, but easier to manage I've found.Thanks!
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19 September 2024 | 1 reply
However, the previous landlord permitted them to take over an additional 3,000 square feet on the second floor, which is now filled with inventory and unusable for other purposes.While this tenant has been reliable and has a long-standing relationship with the property, their occupancy of this extra space is limiting our ability to maximize rental revenue.
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19 September 2024 | 5 replies
But it still created trouble in the past when some tenants wanted to leave earlier due to a deteriorating relationship.
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19 September 2024 | 6 replies
Hi @Ellen Feiss I agree with @Ty Coutts that you should start with informal, friendly, face-to-face conversations with the tenants to establish rapport, especially as you have some lead time here before next April.People don't like surprises or having to scramble, so if you are able to let them know your plans in advance, if they are reasonable people they should appreciate the extra lead time.This is especially true if their rents are currently very under market - they will have sticker shock when they look at what other units are renting for, and have to spend more time finding a new unit (if you'll be asking them to leave).If you have to move into one of the units yourself, I'm surprised you (or your lender) didn't make it a condition of the purchase and make the seller have the unit vacant for you.Sooner or later in rental real estate, you will have to establish a relationship with an eviction attorney.
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21 September 2024 | 69 replies
It takes market knowledge, construction knowledge, proper analysis, financial relationships, rent projections, property management knowledge, and a whole list of other things that are only gained through experience.
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23 September 2024 | 29 replies
Having the standard analysis is excellent, but having additional criteria that are more personal might also become helpful during this process.