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19 January 2025 | 18 replies
Oregon doesn't have a card or other easy way to check.Laugh of the day...we had a client, who was a stripper, with a lizard she kept in her bra, until it escaped in our car.
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17 January 2025 | 7 replies
A couple developers we work with skip LIHTC and the tax credits and go the route of impact funds to help alongside other debt and sometimes equity.
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21 January 2025 | 2 replies
DSCR loans go up to 80% of the purchase price and depending on the Debt Service Coverage Ratio and your credit score you can expect rates on a 30 yr loan ranging from High 6%- Mid 8%.
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21 January 2025 | 11 replies
.: I haven't passed this past legal review so for what its worth: Part of my standard requirements for everyone include income is at least 3X rent, minimum credit score, say 640, Clean record and no evictions as well as deposit is paid in full at signing of lease and 1st month rent is paid in full prior to handing over the keys.
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9 January 2025 | 5 replies
It can be personally designed post cards or it can be letters.
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19 January 2025 | 9 replies
I can buy a 2-4 unit with 20% down vs conventional can only buy a 2-4 INVESTMENT property with 25% down 4. there are options where DSCR loans dont repot to personal credit, helps in not having to show a bunch of paperwork or not one person in a partnership has to carry the debt5. way less paperwork to close on this loan type vs a conventional loan. we care about the income of the property you're buying and it's ability to service the debt of the property whether we use long term rents income, lease income, or air dna/bnb income.6. easily buy in partnerships, add people to your operating agreement, its as easy as that so bring partners into a deal. helps with scaling and raising capital or getting partners involved7. gift funds allowed to close on these as well, and like I said earlier, there's only a 10day seasoning period of funds with some lenders so that means you can literally have a private money lender deposit money into your account 11 days before closing, and you can use those funds to close!
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22 January 2025 | 16 replies
What they said.....everyone over the age of 18 has to have a background/credit/ ID verification and sign the lease.
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20 January 2025 | 5 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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23 January 2025 | 5 replies
@Randall AlanRandy,I have roughly 1+m of funds, that includes open lines of credit.
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28 January 2025 | 9 replies
I think your future self will thank you for doing that.Perhaps take out an equity line of credit in case you need it and using a property manager.