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15 January 2025 | 7 replies
I do have several S8 rentals, while they are generally performing well, there is more paperwork involved in the leasing and the strict inspections can be quite a pain.
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14 January 2025 | 9 replies
Firstly, it often generates higher rental income compared to long-term leases, particularly in desirable locations or during peak seasons.
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13 February 2025 | 95 replies
Easements can be purchased, leased, traded or sold.A lease is an encumbrance as well, they can be financed, used as collateral or sold as well by the holder.
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7 January 2025 | 13 replies
No emotions... no arguments.... this is the lease conditions, this is the eviction process for not following the lease terms... that's it.... no emotion.
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7 February 2025 | 14 replies
I am planning on not resigning my lease and starting of my RE venture.
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28 January 2025 | 71 replies
Might have a tenant that will sign a ten year lease and drop some money into the space.
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25 January 2025 | 24 replies
Dang right, I'd be trying to find jazzy ways to lease, to then run as STR.
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11 January 2025 | 1 reply
They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.
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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!
14 January 2025 | 7 replies
My wife and I have obtained three traditional loans and one lease with the option to purchase, resulting in most banks turning us down based on debt to income (non-portfolio lenders).