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15 December 2024 | 13 replies
The lending options will differ based on this: For 2nd home, 10% down is available, but there are restrictions regarding how much/long you can occupy the property.
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6 January 2025 | 57 replies
Basically, do you understand "Odds".
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19 December 2024 | 15 replies
However, there are lenders who offer more flexible terms or even no prepayment penalties, depending on the deal structure and your investment strategy.To find such lenders, here are some options to consider:No Prepayment Penalty Loans: Some lenders, often private or portfolio-based, offer DSCR loans without prepayment penalties, though the trade-off might be a slightly higher interest rate or fees.Yield Maintenance or Defeasance Alternatives: Ask about other prepayment structures like yield maintenance, which can sometimes be less restrictive depending on market conditions.Custom Terms: There are lenders (like us at Phoenix Funded) who can structure loans tailored to your needs.
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16 December 2024 | 2 replies
Yes you can but it depends on the lender some lenders do not allow due to overlays and in house restrictions.
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25 December 2024 | 22 replies
I edge my odds by not allowing 1) last minute check-ins (must be at least 2 days in advance) 2) No 1 night stays (eliminates partiers) 3) Must have previous good reviews.These will vette 99% of your guests adequately....
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20 December 2024 | 13 replies
Each jurisdiction has their own Zoning designations and restrictions, and they can Vary significantly.
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15 December 2024 | 0 replies
.** Strictly restricting this for when doing comps between properties in the same sub-division **
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3 January 2025 | 26 replies
Legal and ethical implications: Agents engaging in such practices may face:Legal consequencesLicensing penaltiesEthical violationsThese actions ultimately harm consumers by restricting options and potentially inflating costs.The new system, allowing buyers and their agents to negotiate commissions directly, promotes transparency and fair competition.
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28 December 2024 | 8 replies
Oddly, they both really didnt like eachother, but this contracter brought in money and the addict was, well, an addict.
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13 December 2024 | 12 replies
It just seems odd to me.