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11 January 2025 | 7 replies
Hell, even Motel 6 has a couple of junk pictures screwed to the wall.
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19 January 2025 | 5 replies
As long as the rents can cover both the current PITI and proposed P&I payment, credit is at least 680. you should be able to qualify.
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21 January 2025 | 13 replies
You may find this a viable option with rates where they are, especially if your rental income continues to cover the mortgage.Home Equity Line of Credit (HELOC): If your property qualifies, you could use a HELOC to access the equity without disturbing the current mortgage.
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20 January 2025 | 19 replies
I’ve posted some pictures of how I inherited the home.
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13 January 2025 | 6 replies
The biggest thing with this is if something major happens are you legally covered if the unit is illegally rented.
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16 January 2025 | 2 replies
Now let's say I find a triplex that covers the 1% rule but combined cash flow from all 3 doors is roughly $150-$200 or would you want to keep it at $150-$200 cash flow per door with the 1% rule applying?
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3 February 2025 | 32 replies
I’ve got enough to cover a roof and a furnace.none of this came from my pockets but tenants.
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7 January 2025 | 5 replies
This ensures you have a clear picture of what repairs are needed and helps avoid surprises during the rehab.
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19 February 2025 | 57 replies
When buying sight unseen, it's essential to get the complete picture.
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16 January 2025 | 21 replies
If the market rents do not cover the mortgage, you may do a no ratio DSCR for a higher rate/reduced LTV Which most likely the 1007 will be nowhere near the revenue generated by a PadSplit operation.