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5 February 2025 | 4 replies
Your ability to qualify depends on income, credit, and lender requirements, but leveraging your equity makes your request more feasible.
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5 February 2025 | 4 replies
I am seeking recommendations on how to network with investors and find those who may be interested in coming on as a joint venture/partner.
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12 January 2025 | 5 replies
This can be a very long and annoying process and you're not guaranteed to get approved.
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7 February 2025 | 13 replies
Most of these program qualifies borrowers with income and very few DSCR.
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29 January 2025 | 4 replies
It’s usually best to open a separate business checking account so your rental income and expenses stay organized and away from personal funds.
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7 February 2025 | 6 replies
Are you able to request their balance sheet / income statement?
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7 February 2025 | 9 replies
Because of the additional income I am producing through the consulting business, I am afforded the opportunity to invest money in real estate.
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22 January 2025 | 20 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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27 January 2025 | 15 replies
Be sure to: call & verify employment references, request pay stubs to confirm income & check rental history by contacting the previous landlords.Keep the momentum going!