HELOCs for investment properties are 2x higher in rate usually due to the higher risk factors placed oon them by fannie/freddie and a more conventional risk assessment is applied when underwritting them.

At the time of closing, the Authority will charge you a one-time administration fee of up to 4.99% of the principal amount of the assessment on the Property to cover the costs of administering the Program.

I'm trying to assess some specific scenarios between these platforms, and how some of these challenges are overcome with them. would appreciate any insight you can offer.

What I do with my A class is just wait until i have a 700 plus fico and then I have never had a issue with rent collection ever basically.. but I suspect if there is a divorce or death that could happen.All these folks buying for cash flow only and getting stuck in the D and C areas i dont think they actually comprehend that assessment is WHAT is going to happen not what MIGHT happen..

Proper HOA Reserve Funding will determine whether or not your fees make a dramatic increase or a Special Assessment is levied in the near future, both of which will immediately, and negatively, affect your investment planning.

At this point I need assistance and advice for the up-front (call it "back of the napkin") assessment to determine if it's worth moving forward on.

Transfer of Leases and Tenant Information•Review the existing leases to ensure compliance with local laws and assess any terms that may need to be adjusted.

Check to see if appealing your tax assessments would be worthwhile.

HI Shivani,Each individual property would be calculated separately based on when you purchased it (tax returns or lease agreements used either or or both in some cases) which the lender would subtract from the monthly PITI or mortgage obligation/taxes/insurance/assessments/etc.All the rentals whether positive or negative would then be added up into one number (net net).

I would lend on a property after the deed has been issued and the borrower has had a chance to walk the property and assess value and potential and I've had a chance to assess the deal.If you find a professional lender willing to do this, let me know.