I believed and expected Roofstock to possess a sense of honor, integrity, decency, and abide by a set of moral and ethical rules.

He is renting the unit and will carry a bit of debt for a couple years but once he is clear of that he will do very well for himself.Park owners want their empty spaces filled. 

What if you're a cardiologist with no debt and making $250,000 annually?

if it is a BRRRR you'd pay the seller off when you refinanced into long term debt, either conventional or DSCR.i don't know anything about the location, market, etc. but if it needs a 40K rehab, you need to push the purchase price even lower than 140K, or it will not work as a BRRRR. 

So if you are not cash flowing and there isn’t appreciation then the only advantage you are getting is debt pay down.

Eliminate debt, establish a budget, and save.

They were selling on pro forma, but the market and the debt market have shifted, and it's aa lot harder to achieve higher pricing with lower rents.We've purchased over 2,000 units, and the simple answer to the question is that they are either mom and pops and run their businesses with ZERO KPIs, they do not want to risk losing tenants if they raise rents, and they don't treat their asset as a business.When you take over, it can be difficult to get rents to market if they are very suppressed.

Yes  I think the best move here is to asses your total monthly debt and see if a cash out refi will help decrease the total interest and monthly debt obligation.

Hi Kristi,VA loans do have flexible debt to income ratio requirements, unlike every other loan.

Debt pay down and appreciation is gravy.Is this serious or sarcasm?