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7 November 2024 | 0 replies
I financed this deal through a private lender, allowing me flexibility and faster access to funds compared to traditional financing.
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7 November 2024 | 15 replies
My understanding is if you live in the residence yourself for a year and a day, you can get a traditional mortgage as it’s not considered an investment.
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8 November 2024 | 3 replies
We’re one ofthe few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must =3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenantspossible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of anotherapplicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then takingseveral days to submit.
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5 November 2024 | 4 replies
I personally choose to utilize the traditional LLC for my first few properties and it has treated me well.
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5 November 2024 | 1 reply
Florida’s appeal as a retirement destination also means that buyers and renters aren’t bound by traditional school-year schedules, providing a steady stream of demand for housing throughout the year.Texas: Strong Demand and Economic Growth Drive StabilityTexas boasts a rapidly growing economy, which has fueled a strong and relatively stable real estate market across the state.
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4 November 2024 | 1 reply
The TransUnion "ResidentScore" is similar to a traditional credit score but is tailored specifically for rental screening.
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4 November 2024 | 3 replies
I wonder if I could reach out to any local brokers who would know of investors that perform these loans, since none of the traditional lenders do.
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6 November 2024 | 4 replies
I did not have much luck with traditional banks even though my partner is a GC and has done multiple additions and garages.
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8 November 2024 | 38 replies
Quote from @Tom Dean: Would appreciate any advice, I would like to invest somewhere in the southeastern quadarant of US (for example I'm open to somewhere like Missouri that isn't traditionally part of the "southeast"), looking for somewhere where I could acquire a SFH STR between $250k - 325k.
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4 November 2024 | 24 replies
Our traditional tenants handle small things like a light bulb out or running toilet but it's a something we handle for our PadSplit homes.