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25 February 2025 | 21 replies
Here's link: https://rent.app/landlordAppears they are a type of payday advance lender for rent payments.Seeing more & more of this on banks statements for rental applciations, so predicting we'll all be accepting rent from them eventually for Class C & D tenants that can't seem to get out of their paycheck-to-paycheck cycles.
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4 February 2025 | 9 replies
And they'll want you to pay off the loan pretty soon (and usually will you as the rate will probably be higher than banks) so there's that too.For this reason, we definitely prefer private lenders as they will (if you've built trust with them) often lend on the rehab too.
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29 January 2025 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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23 January 2025 | 15 replies
I'll restate that there are no lenders that are "signed-up".
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28 January 2025 | 14 replies
Very good resource for getting set up with STR property managers, cleaning services, realtors, lenders, etc. https://www.getchalet.com/
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10 January 2025 | 12 replies
If I wasn't able to get the cash together, using a private lender would've been a good option.
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27 February 2025 | 26 replies
I just spoke with a lender who is also an investor and trying to get rid of his condos.
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26 February 2025 | 22 replies
You can use interest rate, because it is specific as defined by the lender, but that's about it.
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28 January 2025 | 1 reply
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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28 January 2025 | 5 replies
FHA is easier to qualify for and allows for higher debt to income.If you have not spoken to your lender already, you should also just look into the HomeStyle Renovation loan.