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4 June 2020 | 11 replies
Lenders usually require a minimum of 1.25x Debt Service Coverage Ratio but on average you should target 1.5x.
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14 July 2016 | 8 replies
They may vary from state to state and time will change some prices, but still it is very comprehensive.
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3 July 2016 | 5 replies
Ask a fire sprinkler specialist to walk the property with your inspector and framer simultaneously so they can interact and provide you the most comprehensive assessment to you.
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5 July 2016 | 7 replies
They have a limit on number of your own sales per year and no sales through your own LLC if you have one (something about E&O coverage), no limit on buying.
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6 July 2016 | 6 replies
If they don't have a comprehensive list, they should direct u to one of their online portals where the info is made available.
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29 June 2016 | 17 replies
If you did the numbers right on this deal then even the appraisal discrepancy coverage shouldn't plummet your numbers.
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25 June 2016 | 9 replies
Have personal liability at 500k coverage currently.
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9 July 2016 | 12 replies
Most lenders will usually look for a minimum 1.25x Debt Service Coverage Ratio and a tenant in place (lease agreement).Good Luck.
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29 June 2016 | 11 replies
Also I had builder's risk insurance policy with vandalism coverage from NRG.Dhru
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1 September 2016 | 28 replies
Its why borrowers just are not realistic because they don't really know.. they think Hey bank has plenty of equity coverage at 70% LTV when in fact they don't 50 to 60% is the number if you want to be assured of no loss. or as assured as you can be..