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28 November 2024 | 0 replies
I want to keep away from any short cuts , I am not looking to take large cuts from sellers (I’m a true agent at heart and looking to serve my clients) .
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4 December 2024 | 30 replies
Specifically for taxes, its pretty straight forward with Baselane because you can tag all of your transactions with the pre defined categories for a Schedule E (the tax form you submit for rental property).
2 December 2024 | 17 replies
The most likely scenario is that his renters will eventually do something that costs him a significant loss, despite cutting them a major break for so long.
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3 December 2024 | 14 replies
Any suggestions on how to cut to the chase with the bank?
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26 November 2024 | 86 replies
If you do that, we will come after you.Syndicators - by all means, defend your reputation and set the record straight.
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5 December 2024 | 34 replies
You're better off to just keep the deposit and cut your losses.
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28 November 2024 | 5 replies
You can also go straight to the source - Direct DSCR Lenders - don't necessarily need a mortgage broker to shop for you (especially if you are here and asking the right questions and clearly are sophisticated - unless you are SUper-strapped for time, you don't seem like an investor that needs to pay a broker for help - go straight to the lender)3) Last question- i'm seeing rates on DSCR loans in the 7.2% to 7.5% range, in addition to 1 to 2 points and they likely track 10 yr treasuries (4.26% as of today).
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1 December 2024 | 91 replies
No qualified commercial loans based on current interest rate and cap rate offered.To solve the problem, either the rate has to come down significantly (probably not going to happen in a few years), or the cap rate has to go up to 10s, which means the price has to be cut by almost half.For those folks that has a maturing commercial mortgage, they can not refinance based on today’s rate.
27 November 2024 | 10 replies
Doing a straight cash deal won’t work.4.
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2 December 2024 | 33 replies
At face value, it sounds like you believe that some of the operators of MFH that have purchased in the last 18-24 months may have to cut losses next year providing new investors a much better deal.No.....