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16 April 2024 | 3 replies
The bank doesn't "Sell" a property they don't own so, did it already go to sale?
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16 April 2024 | 16 replies
You can use it as a general guide, but the single best way to understand fair rent is by physically mystery shopping your competition.We typically get higher rents than average and consistently more than rentometer or Zillow would suggest, but we are also offering a nicer product.
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15 April 2024 | 7 replies
We have a DSCR product that does 75-80% cash out or maybe even creative financing to other investors depending on what you’re looking for.
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17 April 2024 | 17 replies
DSCRs are long-term loans, so if you pay off the loan (this includes a refinance, not just a sale) within the time that your prepayment penalty is in effect, you'll get hit with a fee.
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18 April 2024 | 10 replies
The proper way to address this during the sale is with estoppel forms.
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17 April 2024 | 9 replies
Hi,I keep looking at current interest rates and property sales.
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15 April 2024 | 9 replies
Our first product focuses on property disclosure packets, using AI to generate insightful reports highlighting safety concerns and repair estimates.
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17 April 2024 | 6 replies
If you flip to rent you will go more durable on finishings than you would to sell so you want to decide on that, but when you are done, you can see where you are at for sale vs. rent and decide, you would just have to move to traditional loan to carry it if you rent.
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16 April 2024 | 7 replies
TLDR: take net sales price, minus net purchase price, add in any capex.
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16 April 2024 | 3 replies
Having an existing HELOC is always a great resource (if you are planning on repaying the HELOC through the sale of said property, assuming equity would cover the loan payoff.