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27 January 2025 | 7 replies
Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.
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3 February 2025 | 7 replies
However, these programs typically qualifies borrowers based on their income, such as tax returns.The DSCR would be a good option considering you and your husband are entrepreneurs and the tax returns don't look good on paper.
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21 January 2025 | 6 replies
However, there is no way to do so without risk.The Internal Revenue Services issues three (3) Private Letter Rulings (PLRs) that allowed the taxpayers to do just this.
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11 February 2025 | 183 replies
Since you have 488 sqft, I'm assuming that you have extended the existing (typically 400 sf) garage?
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1 February 2025 | 3 replies
Some DSCR lender may jump on here and say they do them but I don't like their terms typically.
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21 February 2025 | 10 replies
They typically only stay one or two years.The tenant segment we target today rents properties priced between $350,000 and $475,000.
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27 January 2025 | 6 replies
Hard money and private investing are both ways to finance flips, but they work a little differently.Hard money loans are typically from companies or private lenders that specialize in short-term, high-interest loans.
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11 February 2025 | 11 replies
What you can do is let them know that you can no longer subsidize the tenant and that you're preparing to start the eviction process.You don't need an attorney to tell you that you are running a business - not a social services organization.
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18 February 2025 | 17 replies
Private Money Lenders are going to be hard for a primary residence as it is an investment and typically they want to see a return prior to two years - also, the house would need to be purchased at a discount which would limit your options on a primary residence - now if you are looking for something that needs some work that you are planning on fixing up, it would be a little more feasible.
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31 January 2025 | 6 replies
Self managed HOAs are usually undercapitalized so you want to take a thorough review of the condition of the community to make sure there isn’t deferred maintenance because you might get hit with a special assessment if the board isn’t setting aside cash for those capital improvements.At face value, taking into consideration my typical financial objectives, I wouldn’t do this deal unless it was a much lower price.