Will Greenlee
RentRedi Personal Experience - Do not recommend - Noticed BiggerPockets promotion
28 January 2025 | 2 replies
If you tried to use the app to look at photos of your ads or look at the "charges" for rent payments and such it was pretty much unreadable and would have several glitches making things overlay on top of each other and such.
Lindsey Waltz
85% ltv DSCR
29 January 2025 | 7 replies
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
Joseph Pisano
SFR DSCR Lenders Texas
30 January 2025 | 14 replies
Just be aware.I just quoted out this scenario to a borrower over the weekend:$130k purchase price30% down Payment$91,000 Loan Size780 Credit Score5 year declining prepayment penalty6.875% is the lender's Par Rate (so no discount points added, only broker fee added).
John Friendas
Maximum # of DSCR Loans Lenders Will Give?
22 January 2025 | 12 replies
If you have a good FICO, a decent down payment and closing costs, go ahead an do the first one.
Steve K.
Anyone Else Fed Up With Loan Servicing Companies?
8 January 2025 | 33 replies
At the same time, dispute the late payments with the bureaus and provide the payment records showing the payments were made on time if asked.
Dan Attivissimo
Aspiring new investor
28 December 2024 | 11 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Ricardo Polanco
NYC Short Term Rental legal advise
15 January 2025 | 9 replies
That way they keep their licenses and ratings.I don't see much of a difference really.Don't keep them out as they will get increasingly suspicious and they might pull your permit for non-compliance.
Jerrell Randolph
New Investor financing options
27 January 2025 | 2 replies
I do not have to much cash for a down payment but was thinking of doing a HELOC on one of the rentals to get more cash and go the BRRRR method.
Joe S.
Is there a demand for Short term rentals in Kyle Texas?
30 January 2025 | 11 replies
I don’t see where a rental would make sense, so I’m trying to look at other options to cover the monthly payments until the market goes back up.
Damon Diddit
Inheriting a problem tenant after closing
28 January 2025 | 5 replies
When I have inherited tenants, I have been most successful when I have provided longer non-renewal notices, like 60-90 days, and offered to assist with moving costs.