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18 September 2024 | 47 replies
I don't know that she can legally put the LLC in her place for the deposit. 3: Typically for lawsuit purposes sending someone a notice via regular mail will not count as service.
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16 September 2024 | 13 replies
Rate is reasonable at first glance but yes rates are moving down and should continue to shop, get quoted, can be major changes day over day10% Down DSCR doesn't exist and has never existed to my knowledge so I wouldn't count on that15% down does exist and is rare, however as others have noted, usually it doesn't actually work since the restrictions, such as a high DSCR ratio or LTR only rent qualification (and high rate environment) never let the numbers work however as rates continue to fall we may finally be able to see some 85% LTV DSCR Deals actually pencil again!
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13 September 2024 | 2 replies
Question for our lending experts…If I sell my investment property “Subject To”, is my current debt on the property counted towards my DTI until my loan is paid off in full?
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15 September 2024 | 38 replies
Down the road, if the borrower is in a different situation and they want to use conventional financing, the loans that they personally guaranteed will count against their 10 properties financed when a conventional underwriter pulls a drive report.
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12 September 2024 | 12 replies
I guide clients who are looking to treat their STR as active.Somethings to consider are whether you should get a cost segregation study done, creating a log of your hours and having an understanding of what hours count / don't count.
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14 September 2024 | 12 replies
generally a roof doesn't count as egress.
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12 September 2024 | 9 replies
I didn't know about conventional not counting boarder income for non-serviced properties.
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16 September 2024 | 24 replies
My wife and I have been surprised to see that we've been able to raise the rents on our MTRs much higher than we expected, but we had not counted on that to be profitable.
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15 September 2024 | 15 replies
That is several thousand in rent gained right there and they is not even counting the cost you would incur with each turnover.
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14 September 2024 | 9 replies
He is a family friend and we have even looked at some off market for sale by seller too that I identified stuff where he wouldn’t even earn a commission and he was happy to investigate for me - more of a looking out for me / family than counting a check (I am not looking for expensive real estate and he has owns the brokerage of 20+ agents, unfortunately my purchase isn’t much of a profit opportunity for the office but would probably be more embarrassing on him if we get something wrong 😂) Noted on the inspection though and I will stipulate it is a deal breaker on my side.