Jaquon Miller
Gap Funding - Just Starting
10 May 2024 | 10 replies
You could look at charging interest plus getting a percentage of the profits, which boosts your potential earnings.
Thurben James
Would you prefer a debt partnership or Equity partnership with your investors?
10 May 2024 | 6 replies
So I was talking with my mentor about acquiring a property to boost my networth.
Ravi Ramu
Hot Tub Addition for Poconos Rental Property
8 May 2024 | 7 replies
If there aren't any others or very few, it could be a good addition to boost bookings by have something no one else does.
Jonathan Krauser
Terminating a VRBO and Airbnb property manager
8 May 2024 | 6 replies
The upside is a good PM with name recognition and/or solid reviews across all platforms can "boost" listings when the listing has little to no reviews of its own.
Ekaterina Smirnova
Find a property with room to appreciate in value
8 May 2024 | 10 replies
Near the university, the University Mall area is a smart pick with its consistent demand driven by university students and staff, boosted by redevelopment projects.
Scott Wolf
Section 8 Florida
7 May 2024 | 3 replies
Looking to gain more insight into this before I jump in.Keywords for boost: Boca Raton, Miami, Fort Lauderdale, West Palm Beach, Landlord
Skylar Jennings
FSBO without using a Realtor
7 May 2024 | 5 replies
They got a good ego boost from the housing boom a couple years ago, and now they all think they're real estate moguls.
Dipika Mulchandani
STR near Yosemite
7 May 2024 | 8 replies
Addressing the LTR concern: both counties have used grants to boost low-income housing (in the form of apartments that prohibit STRs) rather than imposing broad restrictions.
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.
Roger S.
House Hacking and Rental Agreement
5 May 2024 | 7 replies
By doing these things and having a solid rental contract, you can boost your chances of making good rental money and keep things safe for you as a landlord.Good luck!