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9 December 2024 | 11 replies
As mentioned by others, you cannot personally guaranty the loan and the limited recourse aspect navigates that requirement.
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10 December 2024 | 16 replies
Makes your life as a property manager easier, and provides consistent rents coming in.
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15 December 2024 | 13 replies
The leverage aspect is my business, the fundamentals of the business is via the DSCR loan so it must qualify and I don't tinker to qualify.Every market I am turning to is like this, and every bit market I've been in is like this.
7 December 2024 | 4 replies
Then you may shop in that price range.Tip: check with your local credit union: they will consistently have better rates and often the underwriting of loans is done locally.Mike
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8 December 2024 | 10 replies
These are boiler plate loan agreements that are consistent with the loans underwriting requirements.
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5 December 2024 | 34 replies
Those aspects of the home are where they "see" value differences for themselves.
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6 December 2024 | 9 replies
Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.Maintain proper records, such as contracts, settlement statements, and promissory notes.Additionally, you can track income and expenses consistently using software or spreadsheets.As you scale, if bookkeeping isn't fun, consider hiring a bookkeeper for a couple hundred bucks per month.
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7 December 2024 | 6 replies
Just know there’s a lot of competition, so you’ll need to stay consistent.
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9 December 2024 | 6 replies
These loan officers will be important resources if you are consistently executing on the business plans behind each loan they give you.
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13 December 2024 | 7 replies
If the investor is looking for both appreciation and cash flow; they need to be looking at cities/markets with growth (population and jobs), along with a consistent decrease in crime (all over the past 2 decades).