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.
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.
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.
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.
Christopher Warren
Multifamily Mindset $40k ????
10 December 2024 | 26 replies
The whole scheme was buy a foreclosure, "sell" it back to someone that can't qualify for traditional financing with seller financing at a higher rate, once note is "performing" you can sell the note and make a lot of money.