11 September 2024 | 8 replies
However, downsides include regulatory restrictions on bank lending, many institutions that restrict concentration and geographies, and other headaches and issues that arise when dealing with a slower-moving bank.DSCR loans are the option that has completely changed the BRRRR lending landscape in the last few years.
11 September 2024 | 11 replies
I do manufactured home developments so I look for land that doesn’t have housing restrictions.
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10 September 2024 | 14 replies
Vegas has pretty tight restrictions on STR it would be interesting to see how many homes are actually available to purchase there.
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11 September 2024 | 13 replies
Also, considering that new propositions may pass that would limit/restrict future increases.Look forward to hearing from landlords, investors, previous/current renters and anyone else to help me determine what to do.
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10 September 2024 | 3 replies
@Kevin Hausfeld Nothing would prevent you from building another home on it, assuming there are no zoning/building restrictions for 2 homes on one lot, but you couldn’t get a loan for it.
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5 September 2024 | 9 replies
If you have a county commissioner you could also check with them to see if your STR Rental would be a problem, I would be surprised if the county would do anything to restrict your use.We lend on Rural STR, up to 70% LTV for DSCR rentals, with no seasoning, we can use AIR DNA for income projections.Hope this helps.
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11 September 2024 | 21 replies
Non Premier hosts, same minimum restrictions, crap photos, mediocre reviews and yet that are on page one.
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13 September 2024 | 50 replies
Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.
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12 September 2024 | 28 replies
I’m not sure it that means that I can’t restrict their access to upstairs or that I just had to have a door there.When I asked the rep why there weren’t any basements for rent on the MLS he couldn’t really give me an answer.
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9 September 2024 | 9 replies
Each loan product type has different rules and restrictions for using rental income to qualify for new purchase, and some can wreck your plans (such as the FHA 100-mile rule).