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27 January 2025 | 6 replies
I would set up calls and then sit in and listen, every day, typically a few times a day for around 6 months.
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11 January 2025 | 8 replies
Typically 75% of rental income can be applied towards your DTI for qualification.
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11 January 2025 | 9 replies
Typically the first set of tenants I screen are the ones who end up in the unit due to prescreening activities like my application and making sure I meet them.
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15 January 2025 | 12 replies
This is not uncommon and actual more typical as it is based on sales price and even though the first appraisal was $130k the new one gets reset based on its recent sale and home prices are not up 10% over a few months.You are going to have a hard time getting a lender to use other comps compared to this home as it recently sold.
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14 January 2025 | 23 replies
I don't think the typical sub-to deal would lead to equity skimming because they are likely close to foreclosure and there isn't enough time to rent the unit back out and make money allowing the unit to go to foreclosure.
9 January 2025 | 7 replies
I would echo @Brandon Croucier - the secondary market for DSCR's is super aggressive and rates typically reflect that.
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8 January 2025 | 11 replies
**Navigating Inspections**: Section 8 inspections are stricter than typical tenant move-in inspections, and that can be a hurdle.
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6 January 2025 | 7 replies
DSCR recently came popular in the loan brokerage and private credit space with the rise of STRs and MTRs.Your local bank lenders will have the best rates typically.
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10 January 2025 | 2 replies
We typically alter our strategy seasonally, as demand shifts with the seasons.
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13 January 2025 | 15 replies
Typically AE's will be commission only or commission + a small base.