
8 June 2020 | 5 replies
Technically, conventional loan property condition requirements include:Water and electric must be on and functioning normally at the time of the inspection.Roof - 3 years of service life remaining.

8 June 2020 | 2 replies
Interest rates are still predicted to remain low in the near future, so your best bet will be to have the company you're with now notify you when they will be able to help you move forward with the refinance.

8 June 2020 | 1 reply
The upgrades (granite countertops, new sink, new paint, light fixtures, faucets) and the remaining down payment funded through my savings.

9 June 2020 | 31 replies
Honestly, without an oven thermometer, I'm not even sure how he noticed except it is his business and he was looking for a repair opportunity.Based on advice given above, I will make this the last non-urgent service call and let him know that if he isn't satisfied he is welcome to exit the lease.

11 June 2020 | 12 replies
It should be noted that cap rates will most likely remain the same, while the NOI itself lowers the value.

12 June 2020 | 4 replies
if the loan is less than 100k, it gets difficult to refinance due to state regulations, even when there is substantial equity. Do you have any suggestions for how to use your equity in an investment property, when ta...

15 June 2020 | 11 replies
All other terms of the lease agreement remain in full effect.

9 June 2020 | 11 replies
Hopefully this is the right thread for this question and thank you in advance.TL;DR - own a few rentals, DSCR is 1.05, could take out a bigger loan against a property to get more cash for next purchase, DSCR would go to about 0.90 before next purchase is renovated/rented, RE is side gig and job is stable to can put additional W-2 wages to cover RE, want to remain somewhat conservative with potential long term COVID economic fallout, how conservative is too conservative?

9 June 2020 | 6 replies
Assuming the current loan ($350,000) and do some kind of seller carry back finance for the remaining difference ($450,000).
11 June 2020 | 3 replies
With the current price to rent ratios a property would usually need to be vacant, and or have top of the market rents to satisfy this requirement.