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17 September 2024 | 8 replies
I'm guessing its the script/caller since If I spoke to 1K people from the phone book, I would get many many more than 3 leads just by asking if they had any desire to sell their home.
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19 September 2024 | 44 replies
For example, low ROE property could have more appreciation runway to go because it is in such a desirable area, so maybe you would want to hold onto it.
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17 September 2024 | 2 replies
By incorporating additional collateral to secure financing, investors can enhance their security, ensuring that the asset pool remains sufficient to stay within the desired CLTV range.
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15 September 2024 | 6 replies
Find what fits your desires, goals, or enjoyment levels and run with it.
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18 September 2024 | 21 replies
In areas that are very tourist-desirable, like coastal/beachfront resorts in FL tiny homes can provide an alternative to higher priced hotel rooms and attract a younger clientele that is not looking to book the large (sleeps-12-at-a-time) condos.
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21 September 2024 | 69 replies
I look at location, price compared to surrounding properties (to force appreciation quickly), desirability, path of progress, underlying fundamentals, etc.
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16 September 2024 | 6 replies
So go and find landlords that see the value in your offering, which requires "sales effort" Set up Zillow alerts for all multifamily units for rent in the desired area and call each new one that comes up.
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16 September 2024 | 3 replies
Nieto1- no2- most of Southern California, and east coast major financial / political cities - NYC, Boston, DCThese markets have always been good as they have high incomes and are desirable places to live.
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15 September 2024 | 2 replies
If it is in a highly desirable STR area (the beaches, Riverside etc) it may be beneficial to sell it furnished.
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18 September 2024 | 15 replies
Below are some general notes on DSCR loans:* usually used for single family or 2-8 multi family unit properties (fits your scenario)* must be for investment, non owner occupied (if looking for a product for alternative qualifying solutions for owner occupied there are other products)* can close in a personal name or LLC* usually 80% LTV for a purchase (20% down payment) & usually 75-80% LTV for cash out refis* prepayment penalties vary and are optional, but the higher the prepayment penalty, the lower the rate / options typical range from no prepay all the way up to 5 year prepay and structures vary for how those penalties work (3 year is my most popular by far)* appraisal most likely required and paid out of pocket during transaction* can be used for long term, mid term, or short term rental properties * generally 1%+ is the desired DSCR ratio but you get better rates if the ratio is higher (usually rate breaks kick in at 1.15%+ or 1.25%+) and you can still get the loan done if ratio is lower than 1% but the rate will reflect that (DM me if you wand help learning how to calculate the ratio)* the average time to close is 21-30 days* fees vary lender to lender and product to product, but $1595 underwriting plus title fees is pretty standard* 700+ credit is preferred to get max LTV, but plenty of options if credit falls below that* a typical loan minimum is $75k (have limited options for $50k+) and typical loan maximum is $3-4m (have limited options for $4m+)* 3 months reserves usually required, having 6+ months will usually result in better loan terms, 0 reserves can still get the job done if you go with a program that allows you to use the cash flow as reserves* 30 year fixed, IO, and ARMS available