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6 August 2024 | 0 replies
Anything helps, per this example we could say:A single family home that is not builder grade but not luxury so in the middle being 1,600 sqft, 3 bed, 2 bath.Also a:duplex that is 2000sqft vertical build that is identicle layout on floor 1 and 2. each unit would be 1000 sqft and 2 bed, 1 bath.To note, the loan on property 3 is a DSCR loan because there is not 2 years of stable income from me because I am still in college.If there is anymore info that could be needed please let me know.
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8 August 2024 | 27 replies
But the reality is that the majority of stable, SUCCESSFULLY self-employed entrepreneurs will do pretty much anything to own their own house, and the ones that aren't financially capable of doing so yet will understand the income-verification problem quickly.
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7 August 2024 | 3 replies
This creates access to capital.Potential benefits that I can think of: -Very stable tenant.
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6 August 2024 | 8 replies
Corporate leases typically provide stable, longer-term tenants, while Airbnb can yield higher nightly rates but may involve more management and turnover.
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6 August 2024 | 3 replies
I would not invest if the good guys are losing ground, but that would run counter to your description that it is an appreciating area.It looks fine to invest in for the information you shared if the long term forecast for the area is safe and stable to improving.
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5 August 2024 | 4 replies
The problem you're going to encounter is your income is not stable, and you just started doing it.
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5 August 2024 | 8 replies
If they've got bad credit, we also focus on stable income and employment.
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5 August 2024 | 12 replies
You work a stable job and make $5K a month.
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8 August 2024 | 14 replies
Let's hope it keeps stable/descresing!
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5 August 2024 | 4 replies
The property has been owned outright for over 70 years, has had the same tenant over 50 years (a utility company), and we are looking at taking out around 40% LTV, and the mortgage payments would be covered 2-3x by the rental income, so very stable, safe lending situation.