
25 July 2024 | 4 replies
A week before the original tenants official move out date was scheduled they informed me that they were “dropped” by the lender and they are starting to work with a new lender.

23 July 2024 | 13 replies
You should look into DSCR Loans - many investors like yourself typically move to this loan product once they max out with DTI/qualifying conventionally - a bit higher in rate than conventional mortgages - but no DTI ratio or tax returns/income verification makes a much easier qualification process and LLCs are 100% ok (even as sole owner) and actually often preferred.PS - published a 10-part article series here on BP last year on everything you'd want to know on these loan types - sharing links below, hope it can help!

24 July 2024 | 12 replies
They also haven't kept records of the original origination documents as far as I can tell.

27 July 2024 | 15 replies
That means the bank will either say “We agree, it’s worth $20k over original asking price.

25 July 2024 | 14 replies
This route will be limited to original purchase price as value basis and will be capped at 75-80%.

24 July 2024 | 17 replies
Originally posted by @Brennen McConnell:The suppliers say they are familiar with building codes in the US, but I still imagine there would be a lot of work to ensure code compliance, as well as installing the home on a new foundation, connect to utilities, etc.

25 July 2024 | 4 replies
It was intended as a fix and flip, and our original exit strategy was reached. we bought with hard money then did a refi to convential because repairs became drawn out and rented for some cf to by is time. we ended up selling for 405,000 and our loan balance was 235,000.

25 July 2024 | 11 replies
I'd probably lean towards just increasing the rent a bit more than you originally planned and only for new tenants, require a deposit.

24 July 2024 | 26 replies
Originally posted by @Peter Sinclair:You could also check some local cabinet places.