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16 May 2024 | 5 replies
Site work (Land clearing/demolition/fill dirt/lot grading/old well and/or septic abandonment/culvert).
19 May 2024 | 2 replies
If the fee is too high a magistrate may balk at it.
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19 May 2024 | 2 replies
What’s great about the DSCR is if you have good credit and a lower LTV the rates are better than most conventional rates right now.Cash out is set at 75% LTV there are some 80% options but the rates in most cases are too high to debt ratio at the required DSCR ratio usually 1.00% or equal to PITI/ITI.
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18 May 2024 | 7 replies
Any contact will be highly appreciated.Thanks.
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17 May 2024 | 14 replies
Luckily I stayed in the car and they let me drive away.The problem with some of these C class areas are that you're going to get high vacancy, evictions, and high turn costs with tenants damaging the property.
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20 May 2024 | 10 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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22 May 2024 | 90 replies
I am not saying the bank couldn't have made a mistake, but it is highly unlikely.
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16 May 2024 | 3 replies
If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.
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18 May 2024 | 3 replies
hahaha John, I thought I left the debating back in high school
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18 May 2024 | 13 replies
We are thinking a "Project House" in the SE Suburbs/ Exburbs of Charlotte, High Point / Greensboro, or suburb / Exburbs of Raleigh.