AS Much as anything most folks in RE in that area simply rely  totally on them ..

The cost to do this just comes out of the total profit margin. 

I know I made a lot of mistakes here, and if I could go back would certainly do things differently.Key facts:• no written partnership agreement • In business for 1 year, with 8 total combined clients• 2024 total income $29,500• No shared business property or initial investment.

Also where there are changes in regulations that may require lenders to change servicing agreements which affect who services your loan.I know that's a pain but as things change -- unfortunately, investors will be impacted by changes in the lending industry - and that includes LOAN SERVICING CHANGES.It’s a total cluster between the banks, their loan servicers and their loan servicer’s sub-servicers.

The answer is yes, 2nd lien DSCR loans exist and more than one lender can do them, but you would probably have to up your credit score to be able to get up to a total of 75% ltv between 1st and second lienOtherwise, you would have to get lucky on a favorable appraisal.

Plus, letting a unit sit vacant for 6 months without approving needed maintenance is totally Irresponsible on your behalf.I’m glad we gave you a 30 day notice and would do so in a heart beat again to any other landlord with a similar mindset to yours.Much success 

I turned it into a 7 bed house.2 of the new rooms are super useful to an end buyer and would bring us to a total of 5 (which would comp very well).

I made the layout more user friendly, added a whole wall of closets in the main bedroom, totally gutted kitchen and bath.

So you take the "total rent" from all units and divide by the ARV.

FYI, 13 motions for default have just been filed by two previous customers of BTC, totaling around $ 420k.