Jen Le
Tenant eviction negotiations
21 October 2024 | 24 replies
As long as they are working real jobs and have a bank account, you can make them pay.
Tanner Johnson
DSCR "Rural" lending
24 October 2024 | 32 replies
Here's a link to their rural search tool - https://www.consumerfinance.go....As long as you have reasonably close comps and the CFPB says it's not rural you have a good chance of getting an appraiser to avoid checking the box for rural to appease DSCR lenders.
Kelsey Vander Meulen
After transferring ownership, when does 30 day period to evict start?
20 October 2024 | 12 replies
As long as the tenant receives it and signs a copy, you should be good.Certified Mail works because the Courts accept this as delivered even if the tenant never picks it up.
Omar Doyle
DSCR Loan insight
21 October 2024 | 9 replies
The DSCR compares the rental income to the property’s debt, and as long as the property covers the loan payments, you can often qualify without needing tax returns or traditional income verification.
Joseph Shuster
Negative Cashflow - STR
28 October 2024 | 46 replies
For me, I tell clients as long as you are within a 30 minute drive of either Pigeon Forge or Gatlinburg you'll likely see more consistent success.
Andrew Katz
How do I Scale from Here
22 October 2024 | 17 replies
I would continue house hacking as long as you can get a loan for it.
Shaqiul Chowdhury
Looking for lender that does cash out refi. 90% LTV and favorable terms
20 October 2024 | 14 replies
Most lenders cap out at 75% and I know of a few that can go to 80 as long as the scenario checks a few boxes, but the majority of DSCR cash-outs stop at 75%.
Sammy Lyon
Is it a good time to buy?
17 October 2024 | 3 replies
Sometimes you buy low, sometimes you buy high.But as long as you stay in the market, you benefit from the tendency of the market to go up over time.People think of buying a house as this one time thing, but it’s actually more likely that you will buy, sell, refinance a few times over the course of 30 to 60 years.
Lily Ochoa
Selling coop(1bd) and buying coop (2bd) in same building at same time
18 October 2024 | 2 replies
Since you've lived in the apartment since 2007, you likely won’t be hit with any capital gains taxes as long as your profit is under the IRS exclusion limit ($250k for single filers or $500k for married couples).
Greg Schreffler
Turbo Tax Software
18 October 2024 | 7 replies
With that being said, as long as your return is fairly straight forward, you should be okay but if you have multiple rentals and other things going on, always worth at least a chat with someone.