
8 April 2024 | 0 replies
Typically, borrower cash outlays amount to a minimum of 10% of the loan amount for purchases (sometimes less for refinance loans).

8 April 2024 | 4 replies
If you are seeking larger multi-families valued over $94,500 - you can of course utilize a single DSCR loan.

9 April 2024 | 64 replies
Fed raises rates typically results in increased mortgage rates.I think we are in for a bumpy ride.

8 April 2024 | 5 replies
Some DSCR lenders would even utilize the After Repair Value and can still be vacant if you are completing the rehab.Good luck, happy to explain further if needed.

8 April 2024 | 16 replies
You can certainly find a a builder grade vanity for cheaper than $500 at Home Depot, but you can also spend $2k+ on vanity if you are buying a ultra luxury/custom vanity.Our $500 "allowance" for the vanity is meant to be a starting point of what we think is reasonable for an average grade vanity on a typical mid-grade house flip.

7 April 2024 | 53 replies
Unemployment is typically the lowest in the state, and there are many good paying jobs.Some stuff that we have bought:$34,000 rent $1,250$32,000 rent $950$36,000 rent $895

8 April 2024 | 6 replies
You will be able to claim the expenses (i.e. depreciation, property tax, utilities, etc.) still every year but the rental loss will be limited if you are not a "real estate professional"

8 April 2024 | 3 replies
Distressed homeowners are typically pretty down and depressed already given their situation.

8 April 2024 | 7 replies
Typically you would use an application to narrow down the applicants to those that pass your criteria so you are only having the most qualified applicants complete the process on SmartMove.

9 April 2024 | 24 replies
AlabamaEffective Property Tax Rate (2019): 0.37%4Typical Home Value (2022): $189,9766Annual Taxes on Home Priced at State Typical Value: $702.9