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17 March 2024 | 3 replies
Hi Anthony,Usually the whole point of owner financing is that you don't need to go through this credit bureau system, so it may not be recorded.
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16 March 2024 | 1 reply
The building is cash flowing rent all together for the five units is $6050 and we can raise it to $6500 plus once we fix the vacant unit we can rent that one for an extra $1200/$1300 .
17 March 2024 | 24 replies
Alternatively, I could maybe outsource just the liability component and still save a ton on premiums.10k deductibles are not usually an option.
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16 March 2024 | 4 replies
Ones that want every little thing repaired are usually perfectionists.
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17 March 2024 | 12 replies
But between my broker fee and the lenders fees, it's usually 2-3% of the loan amount.They're ignoring the $7k escrow for taxes and insurance, for example.
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17 March 2024 | 14 replies
:)Where do you usually try to find your deals?
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16 March 2024 | 58 replies
I have one I may take off the platform though as LTR are so high its not worth the extra work to net out close to the same.
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16 March 2024 | 5 replies
Usually you need a decrease of .25%+ for that to work.
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17 March 2024 | 23 replies
The credit committee is usually made up of local people who are familiar with the market they are in.
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18 March 2024 | 35 replies
It isn't necessarily a worse situation, but it usually means that you will not get the same tax deductions.