John Friendas
Maximum # of DSCR Loans Lenders Will Give?
22 January 2025 | 12 replies
For most DSCR loans, down payments are typically around 20-25%, depending on the lender and the property type.
Yehuda R.
Renting My Property to Traveling Nurses. Seeking Advice.
8 January 2025 | 5 replies
I wouldn't bet my life on 50%, but I would bet they are more problematic than the typical long-term renter.
Chris Seveney
What is the Best Way to Grow as a Private Lender
13 January 2025 | 15 replies
Typically AE's will be commission only or commission + a small base.
Brendan Jones
First property advice
9 January 2025 | 9 replies
Given your situation, a property closer to Nashville might be more advantageous for short-term rentals like Airbnb, as proximity to a popular city typically attracts more guests and higher rental income.
Rae Chris
Properties, Networking, Advice,
2 January 2025 | 13 replies
@Rae Chris Ann Arbor is pretty expensive, so difficult to find cashflowing rentals.You may want to look in Ypsilanti - if you want to stay in your area.Otherwise, Metro Detroit offers a LOT of options.Read our copy & paste below for some helpful info:---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Chris Magistrado
Defining Crystal Clear Criteria (CCC) for Large Multifamily Investments
9 January 2025 | 0 replies
Price RangeDefine your financial boundaries based on available capital and borrowing ability:For Class A & B, financing typically covers 75%-80% of the purchase price, allowing you to buy properties in the $6M-$12M range if you have $2.3M total cash.For Class C & D, due to higher risk, the price range might be reduced to $5M-$10M with the same cash.5.
Nicolas Tow
Re Zoning Property from RS-3 to RT3.5 or RT 4
23 January 2025 | 9 replies
Typically, RS3 permits SFHs and two-flats, by right.
Greg Grisez
Tenant shot & in the hospital
11 January 2025 | 18 replies
Looks like there is one program that has not closed yet in Ohio, maybe not the right county, but I would call anyway, they typically know who else could help.https://nlihc.org/rental-assistance?
Jerry Zigounakis
LLC or sCorp for investment properties
21 January 2025 | 7 replies
Plus you can't typically get conventional financing because they want to finance to a person, not an entity.
Alex Hymanson
Loan Product and Value Add Questions for Self-Storage
2 January 2025 | 2 replies
Is there typically an ROI?