🤪Doing 'the thing' means:💸multitasking💸meeting daily with investors and lenders💸reviewing deals and opportunities for others💸teaching others how to determine how to evaluate deals💸listening and learning from others' experiencesMy biggest takeaway this week is the need for PATIENCE.

Not sure it makes a ton of sense to use a broker here and pay 1.25% since you are already on BiggerPockets and can shop directly for lenders here!

Put simply, it’s how much the VA will pay your lender if you default on the loan. 

Generally you can weed out many individuals based on income, credit, employment history, previous residences, and overall behavior compared to other candidates. 

I have seen 2 recent studies comparing the initial cost of renting versus owning.  

They fell behind and the 1st lien LENDER filed for NOD and NTS - Notice of Trustee sale and it went to the TRUSTEE SALE X-XX-2023 where the property was SOLD to a Third Party BIDDER for $375,000I assume under this SCENARIO - the 3rd PARTY bidder who purchased the property at the Trustee Sale Auction 8-23-2023 was buying the property involving the action being BROUGHT to the TRUSTEE SALE AUCTION  by the 1st lien DOT lender and that the SUBORDINATE $101,500 2nd lien Held by HUD may have received any (some) OVER BID funds but utilmately was WIPED OUT at the Trustee sale Auction...Thus their 2nd lien Goes away...Do not believe that the SUBORDINATE DOT lien to HUD survives the Trustee Sale unless they BID to protect their juinor lien interest.

The city has seen a rise in rental demand, especially for multi-family units, as more people are drawn to the area for its relatively lower cost of living compared to larger metropolitan areas on the West Coast.Investors looking to enter the Spokane market for small multi-family properties should keep an eye on key factors such as property location, rental trends, and local development projects.

A lot of DSCR lenders should be able to help, as minimum loan amounts go down to $50k with some lenders.

Do you have partners, investors, employees, significant others, tenants, borrowers, lenders, etc.

When comparing properties, it doesn't really matter what the interest rate is as long as the cash flow is the same.