Jack B.
What are the risks of DSCR loans?
19 January 2025 | 9 replies
This means that if you pay off the loan too early, then you'll pay a 1-5% fee off the loan amount. paying off the loan early means you either refinance or you sell the property, both would trigger a prepayment penalty to the lender. that being said, you can choose your prepay options, 5yr usually giving you a better interest rate by like a 0.25%, 3yr being most common and standard, and a 0,1,2 yr where you can buy down the prepay to be less years. meaning you pay 1% upfront of the loan amount to get a 1yr prepayment penalty so you're free to sell the property or refi after 1yr.
Grant Woodward
Post cleaning pictures?
26 December 2024 | 9 replies
I think this may be a built in functionality of the Turno app, but I don't use Turno and my cleaners don't seem to offer that as part of their standard process.
Jackie Liu
Unresponsive Property Manager
11 January 2025 | 15 replies
They could also call the local board of realtors and talk to the grievance or professional standards dept to file a complaint.
Steven Catudal
Increase in property taxes
4 January 2025 | 11 replies
. § 2A:18-61.1(f) is an indefinite standard and difficult to measure.
John Marchefka
Rehabbing land INSTEAD of houses??
10 January 2025 | 13 replies
Water issues are the most common.
Gregory Banks
Basement crack repair estimates - who to trust?
1 January 2025 | 11 replies
Hi all, my LTR (Boston, built in the 1930's) has some cracks in the basement walls that I didn't think were too serious (owned for 10y, some water and flaking but mostly dry).
Edward Heath
Balancing a personal home build and starting a rental business
25 December 2024 | 2 replies
Many of them have restrictions that you must owner-occupy the property for a minimum number of years - or you'll have to pay it back with interest.Also, the standard mortgage requires you to owner-occupy a property for a minimum of 12 months before renting it out.
Tom Borton
Help me analyze: Potential STR mountain cabin build (Packwood WA)
10 January 2025 | 14 replies
Community water, and electric are at the street.
Ryan McKay
The Next Deal...
29 December 2024 | 24 replies
I do relatively well in my day job by today's standards but my hourly rate for self managing is closer to that of a surgeon.
Robert Williams
Tenant Request to Refund Pet Deposit for the Holidays —How Would You Handle This?
3 January 2025 | 12 replies
By adhering to our standard procedures, we’re able to maintain consistency and fairness across all tenants, avoiding any perception of favoritism.Thanks again for your feedback!