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6 January 2014 | 52 replies
This doesnt really apply to 1-4 unit lending unless if its a local or portfolio lender however mostly applicable to 5+ multi family, commercial, and business lending. 5 C's of lending Character (integrity), Capacity(cash flow or ability to service debt), Collateral (equity in property to secure debt), Capital (networth), and Conditions (economy, and external factors)
6 January 2014 | 15 replies
Hopefully get them to agree to either a slight rent increase, or a larger security deposit.Not concerned about ability to pay in this case.
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6 January 2014 | 22 replies
I'd advertise it now anyway, obviously emphasizing the ability for "custom" choices by he buyer, and just proceed with all the basics anyway, and see if a buyer steps up.
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12 January 2014 | 10 replies
@Jennifer Annen Great point, even when if when you have the ability and or confidence to do your own it's worth the money to go the extra mile to ensure your business is tuned up by a specialist.
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7 January 2014 | 4 replies
Hi, I wonder how holding an airbnb/short-term corporate housing property will impact my ability to secure conventional loans for future investment properties.I am about to list my apartment on airbnb, which basically provides short-term housing similar to a hotel.
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8 January 2014 | 8 replies
It has a low cost of entry and a strong rental market - a great place to build a track record before branching out to higher cost markets.We plan to continue to work full time as we build the portfolio to help with our ability to finance deals.Eventually my goal is to expand to other markets and to purchase large multifamily properties.
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6 January 2014 | 6 replies
If she finishes I am assuming the unit potentially could be affordable for her when she gets off assistance.Really you have to check her thoroughly not just looking at her ability to pay but is that ability to pay solid (do you know they how long she can keep the voucher).
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14 January 2014 | 7 replies
I've been apart of the BP community for some time and just over the last year have gotten myself to the point that I'm comfortable with the knowledge and experience that I've gained.With just a few deals under my belt, I'm looking to strengthen my all around skills and abilities.
31 March 2014 | 3 replies
As relationships grow, the rates and points go down!
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8 January 2014 | 2 replies
Do you want the ability to become active if things aren't going as you want them to?