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7 February 2024 | 9 replies
The other spectrum is when the investor plays attorney and did not run it by an attorney and realizes they did not understand the legal process and are like “wait, I bought this thinking I could do X but I cannot because of Y”, - and a common response is “your attorney did not advise you of this in due diligence” and the response is we did not use an attorney.
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7 February 2024 | 13 replies
Some helpful info on knowing how DSCR rates and guidelines broadly work: DSCR loans won't use your income to underwrite the loan.
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4 February 2024 | 15 replies
Same - Does anyone Know of Spectrum Global Financing or Sure Lend LLC?
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5 February 2024 | 1 reply
Have seen the full spectrum of good to bad and what can turn into a total Sh*t show practically overnight.
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6 February 2024 | 23 replies
I've had tenants from both ends of the spectrum, though--and I can say from experience that happy, highly-qualified tenants make property management 100x easier.Now that I'm firmly at the bottom end of the rent market, with highly satisfied tenants (who are unlikely to leave), I plan to begin yearly rent increases going forward, starting this year.My target is 2.5%-5% rent increases every year for at least the next five years for renewing tenants.
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6 February 2024 | 2 replies
Short answer--legwork and having a broad and active network.
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6 February 2024 | 6 replies
In this case, a separate Memorandum of Modification (or whatever it’s called in your state), which broadly tells the world that the loan has been modified but with no specific details, would be notarized and recorded.Your lending attorney could tell you whether anything should be recorded and how to deal with any existing subordinate lenders.
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5 February 2024 | 24 replies
But given that MTRs are so broad, there are guest types that are on the lower end of the spectrum (rent-by-room) and those that are the extremely high end of the spectrum (insurance placements).
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6 September 2016 | 18 replies
Zips and cities are too broad a stroke and wildly varied in Atlanta.When do I want to buy it?
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12 September 2016 | 5 replies
Seems like a pretty broad estimate, no way to estimate before buying a lot.