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13 February 2025 | 13 replies
In addition to a voucher, we require that the tenant be able to show income at least 1.5 time the monthly rent, as opposed to our regular tenants who must show 3.5 time monthly rent.
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19 February 2025 | 9 replies
In some instances the estimate may be less important but rarely if ever do I not see a requirement for no appraisal unless the value is 4x the loan amount.
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18 February 2025 | 7 replies
If you don't have a US-based bank account, I would get one as that's a requirement by most lenders.
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20 January 2025 | 5 replies
To avoid going through the same poor experience, keep reading.Even if someone give you a referral, don’t make the mistake of assuming that PMC will meet your expectations, just because they met the expectations of the referral source.We also can’t believe how many owners hire the first PMC they speak with!
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22 January 2025 | 5 replies
FHA loans require living in the home as your primary residence for 1 year after purchase.
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17 February 2025 | 0 replies
I do have a quality builder that could facilitate the build but not required for JV.Is this enough to bring to the table?
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21 February 2025 | 3 replies
Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.
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27 January 2025 | 0 replies
If a home is titled in a trust (or an LLC), the trust or LLC should be added as an additional insured to avoid potential disputes during a claim.To confirm, we reached out to an insurance carrier, who clarified:“A carrier can potentially deny a claim if the home is titled in a trust or LLC but the insurance policy is under the individual homeowner's name.
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21 February 2025 | 7 replies
With only requiring 5% down the money needed is very low compared to the Cash On Cash return you could make on a small Multi Family.
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23 February 2025 | 3 replies
I have some rentals that are condos that I love beecause they require nothing.