DSCR does not require disclosures as they are not sold to fannie and freddie mac but many lenders include them as a courtesy.

Hey All, If you have been thinking of buying/or selling a condo there are a few new mandates that are going to be required from each association in regards to the Milestone Inspection and Structural Integrity Reserve Studies.

I have come across multiple properties - typically houses that require rehab - where the seller is not the owner of the property but what I believe to be a wholesaler or investor who has been assigned the rights of the property to sell to an end buyer (me) for a (substantial) fee.

Tracy, can you explain the requirement for proof of landlord liability policy? 

We updated the house to match its low price range, which required careful budgeting and strategic renovations.

Most of the lenders I’ve had contact with have the 25% DP requirement, high rates, and high closing costs 

The HVAC system needed full replacement, and landscaping costs increased due to an extra lot that required clearing.

The main challenge was ensuring a seamless transaction, which required precise coordination and efficient execution.

Sometimes tenants are willing to negotiate if they understand your reasoning.If you decide to go ahead with the increase, give the tenant written notice within the required time frame, usually 30-60 days.

To grow your money, plan your spending, save up, and find a balance between investing and enjoying your hobbies.Good luck!