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11 February 2025 | 10 replies
This is an Interest only loan product that typically lends at 65% ARV.
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14 February 2025 | 19 replies
If you're doing a rate and term refinance, there's typically not a seasoning period but again it's common for lenders to require it be rented first.If you're doing a DSCR cash out refi, it may not need to be rented first but you're probably paying a higher rate.Your best option is to call a loan broker you trust and go through the options based on your current situation.
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7 February 2025 | 17 replies
To clarify, in MN a person must be a licensed to perform at-charge Property Management services, for others, on a standard commerce basis.
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21 January 2025 | 4 replies
Fannie mae allows you to transfer your loan into an LLC, but it is recommended that you speak to your loan servicer and ask that if they themselves will allow you to do so.
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9 February 2025 | 3 replies
For background and credit checks, services like RentPrep or SmartMove can be helpful.
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23 February 2025 | 18 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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11 February 2025 | 1 reply
It’s 100% bonus depreciation for properties placed into service in 2017-2022, 80% in 2023, 60% in 2024, 40% in 2025, 20% in 2026 and completely phased out in 2027.
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9 February 2025 | 173 replies
It's clear there is a demand for your service.
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7 February 2025 | 40 replies
How much of a credit do they offer at closing to cover the servicing fee?
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21 February 2025 | 14 replies
Once the seller signs it, use your CRM to mass-contact investors/developers/flippers in that area (perhaps using your database/services in a different way to identify these LLCs/people) and sell them your contract with an assignment fee.