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31 January 2025 | 5 replies
So even if you miss a month of the higher rent, it will kick in after you satisfy the appropriate "notice period" or they of course have the option to terminate and leave.
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18 February 2025 | 4 replies
Consider connecting with local REI meetups, hospitality groups, or even online forums like this one to find like-minded investors.You could also pitch your successful track record to potential equity partners.
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3 February 2025 | 9 replies
Lots of times you will have people complaining about noise even if you disclose it on the listing.
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3 February 2025 | 11 replies
You will learn a lot, but you just may walk away with new friends, new partners, and maybe even someone who can call a mentor.
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7 February 2025 | 7 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.
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18 February 2025 | 7 replies
You could look into enforcing late fees if your lease allows it or even start the eviction process to show you're serious.
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18 February 2025 | 10 replies
Try a local mortgage broker who can likely even run an income scenario for you.If not, there would be many DSCR folks like ourselves that would be happy to help.
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3 February 2025 | 25 replies
As soon as you get the leases signed and proof of security deposit and first months rent deposited into your account your can use it.The question should be, do I even need to get the units leased out to qualify ?
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7 February 2025 | 5 replies
Let’s break it down:Loan: $300,000Base Rate: 8% (P&I: $2,201)Buydown: 1 point ($3,000) lowers rate to 7.75% (P&I: $2,145)Monthly Savings: $56Break-even: ~54 monthsHolding long-term?
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18 February 2025 | 8 replies
I’d even consider finishing the basement, just well enough for me to live down there, so I could rent out ALL the units.I’d save all my cash and look to refi the property in 1-2 years out of the FHA mortgage, so I could use it again if necessary.