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19 January 2025 | 55 replies
I sent an invite to a prospective applicant that qualified and Looked high and low for the invite form with some additional notes to the applicant only to find out that it is not even on the platform at all, anywhere but in an email confirmation I received.
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29 January 2025 | 0 replies
Shared housing provides affordable, flexible rental options for young professionals, remote workers, and students.As shown above, co-living properties have more demand than traditional two-bedroom units and appeal to a wider tenant base.2.
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28 January 2025 | 3 replies
Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.
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6 February 2025 | 9 replies
I actually think it is a benefit to both parties to have professional representation to assist the seller and buyer with these types of transactions.
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14 February 2025 | 19 replies
Most professional agents set a minimum dollar theyll do at these price points that will be substantial.
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27 January 2025 | 11 replies
Not applicable unless you plan on living in one unit.
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24 January 2025 | 7 replies
Would you mind sharing your professional opinion on which of these kitchen designs would sell better?
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15 January 2025 | 10 replies
The first applicant made $4000/month.
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23 January 2025 | 11 replies
@Daniel MadhavapallilYou should hire a tax professional.
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20 February 2025 | 19 replies
The VA Underwriting Guide says this:Verification: Rental of the Property Applicant Occupied Prior to the New Loan:Obtain a copy of the rental agreement on the property, if any.Use the prospective rental income only to offset the mortgage payment on the rental property and only if there is no indication that the property will be difficult to rent.