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8 May 2024 | 5 replies
That may be an alternative option for me, it isn't an immediately turn around to try and get my money back but maybe in 12 months.
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7 May 2024 | 9 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23There are 30 year fixed terms and other options such as 40 year with 10 year interest only converting to a 30 year fully amortizing loan.
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7 May 2024 | 9 replies
He's saying 7.5% with 3pts or 8.125% with 2pts (30 year fixed) with no Zero or 1-point options.
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7 May 2024 | 10 replies
@Tony FerreiraYou have good options based on the limited amount I could gather based on your post.Shot you a DM, please feel free to follow up if you'd like!
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7 May 2024 | 9 replies
Building on what he said, if you are having trouble tapping in, and want to explore other options to maximize return, please feel free to reach out.
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6 May 2024 | 7 replies
House will be ready in March for any of the options.
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9 May 2024 | 25 replies
I have had several commercial deal fails because sellers are insane and have no backup options.
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7 May 2024 | 3 replies
That prompted me to explore options.
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7 May 2024 | 6 replies
While sellers or wholesalers may sometimes dictate the title company, having your preferred option ready can be advantageous.To vet potential team members, engage in conversations and assess their responsiveness.
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6 May 2024 | 19 replies
I'm an out of country investor - what are my options to have funds reimbursed?