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Results (10,000+)
Van Lam Cash Out Refinance
11 January 2025 | 7 replies
So, if your current rent roll is still on the lower side, it could limit the amount you can borrow right now.However, if you have even a partial track record showing improvements.. say a few of the units are already updated and attracting higher rents.. a lender might take that into consideration when underwriting.
John Friendas Maximum # of DSCR Loans Lenders Will Give?
22 January 2025 | 12 replies
As for by-the-room rentals, many lenders won't allow that and if they do, they qualify you off of the long term market rents (which, as I'm sure you can imagine, would be considerably lower than the actual per-room rents).
David Lewis Boston - Has the ship sailed?
23 January 2025 | 45 replies
i'm in Pittsburgh, lower price point than Boston, trying to do my next BRRRR, and I keep getting outbid. 
Michael Moya Advice Needed: Loan Options for SFH under $120K
8 January 2025 | 5 replies
There are definitely options for less than $100k, just depends on how much lower - $75k is doable but less than that gets a liiiiiittle tricky (although still doable in some cases).
Jerry Shen Buying RE with Bitcoin
11 February 2025 | 167 replies
You would then weigh out a lower closing price due to the bitcoins and then you would use the lower price as the principal for the loan. 
Sharma Parth Feedback on company Offer Geek in Flint, Michigan?
21 January 2025 | 14 replies
I haven't heard of that company, but if you are looking for done-for-you real estate investing then just know that your returns are going to be significantly lower.
Caitlyn Drapeau Best skip tracing services?
18 January 2025 | 15 replies
Compared to other services that might offer lower-quality leads or require higher upfront costs/paywalls, Prime Tracers also give you free lead credits on sign up so you can actually see the results before you commit to a purchase.
Kolby Knickerbocker what questions do you ask/data do you analyze to select investment markets?
15 January 2025 | 5 replies
So your results will be a degree lower than local investors. 
Camille Romero Real Estate Advice Needed
22 January 2025 | 31 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Jerry A. Exploring Cash-Out Refi Options
6 January 2025 | 5 replies
DSCR or Fannie/Freddie loans can go up to 75% on single family homes, multi family homes (2-4 unit) max at 70% if you stick with Fannie/Freddie.Other things to consider would be:Paying points for a lower rate vs higher rate with no pointsIf going DSCR - Prepayment penalty term (0-5 years)The lower the loan size ($200-250k and lower), you should consider paying up to 2 points and doing a 5 year prepayment penalty if going DSCR.