This can save thousands annually.  

I'll send you a private message to discuss the area further and how, if possible, I can bring any value to you or work together on something.

We all use private investors or NON/QM investors for DSCR but some again charge points and some do not because they UW the file (Mini-C).Most Bankers typically offer rate closer to PAR or less margin built into the rate.

I’m really hoping the new administration can get Freddie and Fannie privatized.

California landlords can now enjoy streamlined maintenance and cost savings thanks to AB 2622.Signed into law in September 2024, AB 2622 raises the threshold for unlicensed contracting work from $500 to $1,000.

There's no current loan on it right now.Given that the investor is a family member (that's how I'm reading it), buying the LLC will "save" you money from buying the land yourself as there won't be any closing/transaction costs.

@Eamon Conheady - was the other lender a company or a private individual? 

Yes, we might end up doing it faster but I want to underwrite it with a longer timeline since this is our first one just to be safe and we would likely try to do some of the work ourselves to save on some demo and reno costs. 

Here are just some of my notes: 1) Using RentRedi to post my properties did not give me an option to save the lead photo, and this is HUGE because it is the first photo/thumbnail that shows on the listings in Zillow, Realtor.com, etc.

Tenants save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges.