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18 September 2024 | 3 replies
If your gf has 40k liquid, you need to count 15k of that for reserves on a next profit, so there is 25k to play with, not the whole boat.
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21 September 2024 | 71 replies
Everyone I know who's been successful at RE investing (I count myself in this group) has a lot of mileage on them.
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16 September 2024 | 7 replies
What is the unit count here?
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19 September 2024 | 30 replies
We usually post no later than the 12th which we can then send to court on the 5th day (The day of posting doesn't count as the 1st day and you have to give them 3 full days, so that's why the 5th day).
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16 September 2024 | 2 replies
DTI doesn't care how you finance something, it always counts it.
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17 September 2024 | 10 replies
As long as you don’t count all the hours you work for free that you could have been earning money and learning.
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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.