Kyle Luman
Cash flow vs equity discussion in recent Podcast
13 December 2024 | 13 replies
That's missing the forest for the trees, but you do need to manage cash flow because if you're buying conventional you'll come across DTI issues soon and if you're buying nonQM it needs to be 1:1 ratio at minimum to be qualified without unfavorable terms.
Levi Perl
Cash out refi now at 70% LTV or season and wait to do 80% LTV?
9 December 2024 | 15 replies
Borrowers in certain states or with high credit scores may qualify for 80% cash-out , but it’s important to weigh the pros and cons.
Roy Lam
Shared Garage for Storage
2 December 2024 | 5 replies
Quote from @Roy Lam: They only qualified for two bedrooms voucher, but i have a three bedrooms singles house.
Vernon Welch II
Whole Rent Paid Upfront
4 December 2024 | 3 replies
(It's funny now) I hired a property management company and sure enough they told me the best qualified renter was the one who wanted to do a 9 month lease and pay it all upfront.
Sanjay Bhagat
Track record of Syndicate
12 December 2024 | 18 replies
Sponsor quality far surpasses the "deal", assuming a qualifying criteria for a "good sponsor" is that they don't buy crappy real estate deals to begin with.Having said that, if a great sponsor is offering a deal you don't like for some reason, don't invest in it--just wait for the next one.
Suresh Ram
Where to find multi-family units and gotchas with multi family investing in Jersey
3 December 2024 | 7 replies
If you plan on purchasing your new property with a loan based on DTI, then it may be harder to qualify if you are leveraging yourself some more.
Brandon Tusing
Other Marketing Platforms?
4 December 2024 | 4 replies
Most serious and qualified tenants are searching on the major 3rd party platforms you mentioned + realtor.com, redfin, and a few others.Apartments.com & homes.com are owned by the same company and may offer some additional marketing options.Another strategy to consider here is social media - video marketing.
Shawn Callan
How am I supposed to buy a 2nd house!
4 December 2024 | 17 replies
You cannot use rental income above your mortgage payment to help qualify for a larger mortgage, but you can utilize 100% of the lease income to offset so that should help you qualify for more of a mortgage.
Sam Chainani
Buying defaulted mortgage notes directly from banks
17 December 2024 | 42 replies
Marie Johnson That has to be bought by a qualified non profit organization, and is only allowed by certain investors/lenders.
Maya S.
Refinancing a NNN
7 December 2024 | 35 replies
Interest rates and points are not the only criteria upon which to base a decision; length of loan, amortization and if you can get it “loan assumability” especially with no qualifying and no rate escalation could e much more important.