
24 October 2024 | 16 replies
@Archie BarrettJust wanted to say that there are MANY reasons to consider a DSCR loan vs a conventional loan, not ONLY if you do not qualify for a conventional loan due to DTI.Possible DSCR Benefits:Can do cash out refi prior to 1 year seasoning of the mortgageCan do cash out refi with no seasoning of ownership (with some lenders)Can do a loan with much less paperwork (this comes more into play every time you add a property)Can close on a DSCR loan directly in your LLCCan have your DSCR loan not report on credit (depending on the lender)DSCR loans can be cheaper than conventional loans for many credit scores and down payments.

27 October 2024 | 13 replies
Hey Renee,It depends on your short term and long term goals.

25 October 2024 | 14 replies
It really depends on how much time and effort you’re willing to invest.

25 October 2024 | 1 reply
You can find deals but they often need a lot of repairs/renovations, and depending on your skill and/or team, it might make these viable options or properties you want to avoid.

28 October 2024 | 14 replies
Trying to balance out cash on cash and overall house value over time.Thanks again It really depends on what type of condo you buy.

28 October 2024 | 23 replies
Even after that time passes it depends on the state what actions you may take but in my state for a relatively modest fee you simply have a constable post a notice and physically remove them 10 days later.

25 October 2024 | 9 replies
When it comes to finding off-market deals, I’ve seen investors have success with a mix of these platforms, but each has its strengths depending on what criteria you’re focusing on:PropStream is a solid choice for in-depth data, including absentee owners, tax liens, code violations, and vacancies.

28 October 2024 | 34 replies
Other options that are rarely talked about, but also an options, is to sell property without 1031 Exchange and get cost seg on new property that reduces capital gains (this strategy depends on property type, level of participation, etc.). ...

24 October 2024 | 4 replies
@Yixiong Panin our opinion, it depends on the Property Class/Tenant.Class A: most people can DIY manage and learn what they need to know on the fly.Class B: A bit harder, takes more time and there's more risk with maintenance and tenants.Class C: should only be attempted by EXPERIENCED landlords!