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17 February 2025 | 15 replies
Hey @Marc Shin, we don't offer Netflix or any other streaming service, but folks simply log into their accounts on the Roku TV's.
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21 February 2025 | 9 replies
Not ready to pull this trigger, but are we legally obligated to find a tenant or can we just tell them the offer has expired and that we are no longer seaking a tenant.
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21 February 2025 | 2 replies
Currently only getting 70% LTV through ROC Capital on our DSCR loans since my credit dropped below a 720.I've heard that second position DSCRs may be an option?
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15 February 2025 | 3 replies
How to Structure the Deal to Protect Your $20KIf you’re willing to cover the $20K arrears, here’s how to protect yourself:Option 1: Secure Your Funds with a Lien or Escrow AgreementUse an escrow account: Deposit the $20K into escrow with clear terms—if the assumption is denied, the funds return to you.Record a promissory note & lien: If the deal falls through, this would give you a legal claim against the property to recover your funds.Option 2: Sub-To + Wrap While You AssumeSubject-to deal: Take over the existing loan payments before assumption approval, securing control.Escrowed deed transfer: The seller signs the deed into escrow only to be recorded after assumption approval, ensuring they can’t back out.Lease option fallback: If the assumption is denied, consider a lease option agreement until another solution is found.Option 3: Negotiate a Seller Financing HybridAsk the seller to carry a small second note for the $60K equity gap at favorable terms.Use your $20K as a down payment, structured as a secured loan against the property.3.
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21 February 2025 | 9 replies
Another option would be to connect with the hospital's administrative offices, as they may have partnerships with local landlords for these types of accommodations.Regarding utilities, in mid-term rental situations, it varies.
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21 February 2025 | 10 replies
Those are great options that I will consider.
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12 February 2025 | 3 replies
This could be a great option for your property as well.I recently met an investor at a networking event who specializes exclusively in pad splits.
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29 January 2025 | 6 replies
Quote from @Casey Wilson: Hi there, I was wondering if any Detroit-metro experts from the PB community could offer advice on what areas in the Detroit-metro area might be worth exploring for rental properties (ranging from single family homes to 5+ unit apartment complexes).
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13 February 2025 | 16 replies
Some/many lenders don't like a 2nd mortgage behind their first (like the skin in the game), however there are both bridge or permanent financing options out there allowing you to leverage anywhere from 90% CLTV - 100% CLTV, but don't expect good terms...
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29 January 2025 | 0 replies
Financing options do exist: hard money loans, renovation loans, and some traditional mortgages can be used on distressed properties if criteria are met.