
20 July 2024 | 15 replies
The number is ticking up but Ohio is still fine in vast majority of cases - anything over loan balance of $110,223 (2024 limit) doesn't apply - since most DSCR lenders have minimums around $100k loan amount, barely affects thingshttps://com.ohio.gov/divisions-and-programs/financial-institutions/consumer-finance/guides-and-resources/loan-prepayment-penalty-and-adjustment#:~:text=Effective%20January%201%2C%202024%2C%20no,loan%20of%20less%20than%20%24110%2C223.

20 July 2024 | 6 replies
But a good flip will cover the majority of such a list.

19 July 2024 | 10 replies
@Bethany Young, I am going to echo others sentiment: the price implies a crappy area (maybe I am wrong) OR a MAJOR renovation.

19 July 2024 | 7 replies
Since I began looking into this, I've seen nothing but bad reviews, about the vast majority of property management companies.

20 July 2024 | 24 replies
Termination right if STR no longer allowed, profit sharing, purchase option or ROFR, length of lease and lease options, how to handle major repairs, who pays initial investment in upgrading property, etc.P.S., this is also similar to co-working locations where the operator signs a master lease with the building owner and then rents out cubicles to individual customers.

20 July 2024 | 5 replies
This is a local bank in a rural area and my girlfriend and I have our mortgage on our home through this bank, but I really am not sure how they would have pulled my girlfriends information for a credit check if her Mom did not provide the info.We will be calling first thing Monday morning when banks open, but our major concern is whether she is able to sign for the loan (should it be approved) without my girlfriends approval, since she is also listed on the deed.

18 July 2024 | 3 replies
I even had two people claim to be licensed in certain areas that in fact they were not and could not even pull a permit... not to mention they were not even properly credentialed for major things like electrical and plumbing.

20 July 2024 | 10 replies
DSCR loans often are reported on someone's personal credit report as the vast majority require a personal guarantor.

20 July 2024 | 13 replies
AI can do driving for dollars and it's 102.3X - 300X more efficient than manually or virtually driving for dollars... follow the math below:The major difference between manually (or virtually) driving for dollars, and using AI, is the efficiency and cost savings.

20 July 2024 | 11 replies
Long story short, cosmetically ugly and out of style is fine, not functioning isn't and WOOD ROT is a major no/no with FHA and VA appraisers.