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Results (10,000+)
James Burciaga Flat Fee MLS / HAR Rental Listing in Houston
7 May 2024 | 7 replies
Another option, that I say good results is listing in zillow, at the time it was free to do it there.In my case, I have negotiated with my realtor a lower one month commission to a 75% of the first rent, and he manages all the calls, tenant verification, and showing.
Evan Loader 506(b) syndication sponsors
7 May 2024 | 8 replies
While this is not all inclusive, I went to Verifvest and looked around on their website and the list of groups that are paying to be a part of that verification process.  
Matt Randall Question about investing with a DSCR Loan
6 May 2024 | 9 replies
Underwriting items for DSCR loans include appraisal, credit report, liquidity verification, borrowing entity documents, landlord insurance verification, and whereapplicable lease, verification of rent and security deposit receipt, and property management agreement.DSCR lenders should never ask you for tax returns, W-2 income, pay stubs, or company financial statements.A good DSCR lender can fund your DSCR loan in under 30 days.Pro Number 2: Loan StructureDSCR loans are generally structured as thirty year term, fixed rate and fully amortizing, with LTV up to 80%.To increase cash flow and boost DSCR to qualify for a higher LTV, you can even structure with a five or ten year interest-only period where principal payments are made over the remaining portion of the 30 year term.Most DSCR lenders can fund your loan with DSCR as low as 1.0, though 1.1 is where you will find the best terms.A few DSCR lenders specialize in no and low seasoning cash out refi for rental property investors who use the BRRR strategy.Compare this to traditional banks which generally offer lower LTV, shorter term, higher DSCR requirement, and 6 months of seasoning.Pro Number 3: ReliabilityDSCR loans are a growing component of the multi trillion dollar institutional credit market.While DSCR loan origination volume is growing fast, it struggles to satisfy the demand from institutional investors such as insurance companies, pension funds and credit funds that buy DSCR loans.For this reason, as long as DSCR loan program guidelines for subject property and borrower are met, there is a very high probability that your loan will be fundedwithout delay.Compare this to banks which may subject you to months of underwriting before ultimately rejecting your loan application for reasons unrelated to your application.Con Number 1: Strict GuidelinesThe largest and healthiest part of the DSCR loan industry is 1 to 4 unit residential investment properties in non rural markets where the As Is value and the purchase price is one hundred thousand dollars or higher, and the guarantor's credit score is 680 or higher.If an element of your transaction does not fall within program guidelines, your loan will either be declined or require an exception which can cause delay.DSCR loan program guidelines are constantly evolving to adapt to the demands of borrowers and institutional investors, and to respond to market and risk.A good DSCR lender will knowledgeably and transparently communicate program guidelines, proactively communicate to identify potential issues, and set expectations in a clear and thoughtful manner.Con Number 2: ShenanigansThe DSCR loan industry is fast growing and loosely regulated, attracting loan brokers, private lenders and salesmen who are not knowledgable about program guidelines, not expert in structuring your loan to meet your specific goals, not capable of closing your loan in a timely manner, and not truthful or transparent about loan terms.Con Number 3: Higher interest ratesGiven the demand for DSCR loans from institutional credit investors, the credit spread or risk premium has decreased, making DSCR loan interest rates from the most competitive DSCR lenders nearly the same as bank loans and conventional investment property loans.We should include an asterisk on this con because it is not always true and may not be true in the future.
Brandon Blevins How to do an Eviction
5 May 2024 | 7 replies
They said they will start the process of giving them a 30 day notice but I would like to know the process of an eviction or if there are good eviction professions in the Dayton Ohio area that I could reach out to to help me out with this properly as this will be my first eviction. 
Elena Scott How do property managers collect last month’s rent?
6 May 2024 | 8 replies
If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.
Account Closed Using Subject To, to Get "Free" Properties - A Quick Guideline
4 May 2024 | 0 replies

I often buy using Subject To to buy properties. If you choose to use this technique these are some of the Pitfalls to watch out for.
Subject To Pitfalls
1. The bank can call the loan due (due on sale cause).
2. You...

Karen Chenaille DIY Cost Segregation Study Tips/Tools/Templates?
7 May 2024 | 56 replies
When I compared prices with other vendors seemed to be quite reasonable ($399).One of my bigger concerns about hitting then "Pay" button was whether this company will be there for me in the event that their report ever gets questioned by the "authorities", you know who I am referring to :).To mitigate that risk I looked up individuals on their site and made some calls.
Yuxi Li Renter screening for MTR
6 May 2024 | 14 replies
For income verification, I plan to obtain a copy of the employment contract.
Samuel Guan Seeking Advice: Tenant Wants to Terminate Lease Due to Mold Issue
6 May 2024 | 11 replies
In both cases, the tenant should be educated on their responsibilities and held accountable.Even if the water source were a leaking pipe or roof, you should be able to identify the problem, dry it out, and remove the mold professionally within a few days and then the problem goes away.Simply accepting the tenant's claim - without verification - and allowing them to break the lease without penalty is a bad policy that will cost you much more in the long run.
Michael Calvey Tenant Screening Secrets: What's Your Magic Formula?
6 May 2024 | 27 replies
Income Verification - Paystubs, W-2s, Bank Statements, Tax Returns.