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Results (9,007+)
Calvin Ly Asking Seller for Repair Credits
29 May 2017 | 9 replies
I never go into a deal planning on asking for seller credits or a price reduction after we come under contract, but if I ever find something noteworthy that wasn't disclosed, or if couldn't have been found on initial walkthrough (i.e. broken sewer line, bad HVAC if you turn the power on and test it, etc.).
Lindsay West How do I know the Gainesville, GA area is a good place to invest?
31 January 2020 | 10 replies
Conversely if the employee mix was spread out more equally with businesses and one had a reduction on workforce or went out it would tend to be a downward small blip versus a large one.
Jeremy Shepherd Sound Proofing Windows
14 November 2016 | 5 replies
I am not sure you can get an stc or nrc (noise reduction coefficient) rating on glass but that is the question I would ask. 
Mark Mazzucco Rates Improvement for the best!
9 November 2023 | 0 replies
A lot of people are predicting rates to be back in the 5s in the next 12 months...and it will be very interesting to see what happens to home prices since that would drive more buyers again.I know the last few deals I got under contract with my clients last week, we have seen anywhere from 1-3% in concessions and price reductions, so very strong buyers market since there is not a lot of buyers out there...I know I personally just bought with the thought process that as rates pull back, the home prices will go up with more buyers.
Shane Pearlman Cashflow Doesn't Build Wealth?
5 September 2014 | 245 replies
Estimating equity values other than principal reduction is speculation, you can't hold that until you sell or refi it which will then change that matrix.The question is more to the present value of an annuity stream on a lower monthly basis or that of lump sums being received over time or a combination of both.
Ivan Palagniuk Insurance coverage for rentals
6 January 2020 | 23 replies
They might also be able to negotiate price reductions based on the quotes that they receive back. 
Erica K. NYC Property with eviction process started
8 November 2023 | 2 replies
If an attorney gives you the green light to move forward on this deal, aim to get a price reduction or credit that gives you some cushion should the eviction process go longer than expected.All the best!
Shuwei Wang Question regarding roof repair during escrow
10 November 2023 | 21 replies
@Shuwei Wang - Ask for a seller credit or reduction in the purchase price for the cost of repairs.
Alexander Scher Underwriting MTR for DSCR Loan
10 November 2023 | 4 replies
Use the Rentalizer and the Overview reports.Generalo No first-time investorso Declining market (value): When a declining market is identified by the underwriter or listed on the appraisal, the max LTV is 65%o Declining market (rent):      When declining market rent is identified by the underwriter or listed on the appraisal, one of the following must occur: Reduce the LTV to 65%; OR Achieve a Minimum 1.25 DSCR Ratio • Income:o STR Income – Purchase and Refinance Transactions Applies to all transactions using short-term rental income      A 5% LTV reduction applies to all loans qualified with short-term rental incomeo DSCR Calculation Monthly Gross Rents based on a 12-month average to account for seasonality required Refinance Transaction: 12 months (or 6 months minimum, if owned less than 12 months) used and averaged accordingly Extraordinary Costs: Use actual extraordinary costs (i.e., management fees, advertising, furnishing, cleaning) listed on the 3rd party management/rental statement; OR Use the gross rents reduced by 20% to reflect extraordinary costs (i.e., management fees, advertising, furnishing, cleaning) associated with operating short-term rental property compared to non-short-term property, if actual not providedNOTE: (Gross Rents X 0.80) ÷ PITIA = DSCR• Documentation:Either of the following methods can be used to determine gross monthly rental income.
Joshua Randall Best Properties for Short Term/Vacation Rentals
31 December 2021 | 7 replies
We like condos because of the reduction of CAPEX and Maintenance items, but the versatility of SFH or multifamily also has its advantages.