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11 June 2024 | 7 replies
How often is this list updated?
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12 June 2024 | 47 replies
I think it's a solid strategy that offers ample benefits.
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11 June 2024 | 1 reply
Cities and counties are constantly updating their policies, waitlists or processes and eligibility will likely be the key ingredient to desired usage.
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10 June 2024 | 1 reply
The roofs were updated in 2021.All units are currently occupied on month-to-month leases, with three tenants paying $1,425 per month and one tenant paying $1,300 for handling lawn care and maintenance.
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10 June 2024 | 1 reply
Everything was original and needed updating to make it appealing to current buyers.
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11 June 2024 | 16 replies
as Update to this post from 6 years ago, there are heloc's on owner occupied 2-4 unit properties up to 89.90% CLTV or combined loan to values (meaning multiple loans but all together not exceeding 90% of the value).Terms typically areinterest only first 10 years and drawable from the lineyears 11-30 its Principal and interest payment Prime index/rate + margin (this portion is fixed but prime is not)underwriting is done assume prime + margin + 2% stress test for underwriting meaning if your prime + margin was 10% then your underwriting rate used to determine your maximum line you can qualify for would be 12% rate as an example based on principal and interest payment over 30 years or 360 monthsIncome is the main determinant of your qualification and fico min 680+ is just the min score to get through the "front door,"Maximum DTI or debt to income allowed is 45% DTIMaximum lines on this product go from 500-750k so you can get a decent line size that can actually buy other BRRR's or fix flips and deals.
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10 June 2024 | 6 replies
Structure the acquisition properly, proper leverage on fixed rate debt, ample cash reserves, and run the asset professionally.
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13 June 2024 | 29 replies
I'd love to hear any updates.
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12 June 2024 | 20 replies
Update: Hey Everyone!
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11 June 2024 | 0 replies
These updates modernized the property, improved its curb appeal, and significantly increased its market value.