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25 September 2024 | 96 replies
My contract states that they can still market the property, it just locks in my price.
20 September 2024 | 13 replies
@Aaron Gallington- thanks ...if you dont need to complete the refinance now - I would wait for a little bit ....you might get fully approved for the new loan with a lender to make sure you are able to get the loan but hold off on locking a rate and completing the loan until rates drop a bit more ...if you are able to obtain conv financing - go this route as 75% ltv should be available and rates / fees should be much better than a DSCR program - thanks
16 September 2024 | 6 replies
I have also heard concerns about removal and tampering with these devices. - Water: I'm currently including water in rent for both of my buildings, because I've luckily not had to meter my water use.
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19 September 2024 | 8 replies
Similarly, if vacant, inspect the property to ensure utilities are off and the doors are locked.
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14 September 2024 | 1 reply
We are looking at smart locks for our STR.
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18 September 2024 | 3 replies
I have two flips going right now and I'm working on locking down a 3rd.
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19 September 2024 | 6 replies
If they are also unresponsive to me, I will have to change the locks on their unit.
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20 September 2024 | 31 replies
Appreciate it..I'd love to see some numbers on that, if possible an example would be phenomenal.As requested:You find a property, say an REO which is a great deal and lock up a contract between the bank (A) and you (B) for $150,000.
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20 September 2024 | 21 replies
I understand at this point there will be a loss I will have to incur, but I am looking for thoughts on if I should rent (knowing I’ll have around $5k a year to loose with renting and property taxes , but giving myself time/ hope of appreciation) or if I should just sell (locking in a larger loss on the property now).
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19 September 2024 | 6 replies
While the DSCR calculation as noted above is a bit "aggressive" and looser by not taking into account many expenses, its somewhat balanced in that these are 30-year typically fixed rate loans where the rents should increase much more over the term than expenses (and largest typical cost - debt service - is locked in).