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22 July 2024 | 17 replies
With a 30-year amort and 10-year IO options - as well as ability to get rate down quite a bit if you have long-term horizon (5+ years so don't mind prepay) - the rates/terms and monthly payment will likely be very attractive.Others too have done the DSCR Portfolio Loan (Blanket Loan) refinance option too (refinanced the 10 properties that are under conventional into one blanket DSCR Loan and start the process back from 0 on conventional), however, given current rates, don't see it a lot currently since the refinance would typically mean racheting up interest on those
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20 July 2024 | 7 replies
You can also have multiple VA and FHA loans as well if the situations ever arose.
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20 July 2024 | 9 replies
Which means a better interest rate for you I can pair you up with realtor and I have a mortgage broker in NY for you as well.
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20 July 2024 | 32 replies
Looks like you've gotten a lot of great feedback, but I'll throw my two cents in as well.
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20 July 2024 | 11 replies
The FHA / HUD listed properties , shows ( Insured or Un-Insured ) next to a property , as well as a Report showing the property condition , as well as any repairs that are deemed " Mandatory " to be fixed .
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20 July 2024 | 7 replies
Providing this in Tampa, St Petersburg, and Sarasota Florida, as well as in Certain areas of Tennessee.
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20 July 2024 | 11 replies
There are a lot of options for DSCR programs, but only a few that do very well with short-term rentals.
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20 July 2024 | 6 replies
It's a cool idea but run the numbers in the BP STR calculator and see what the difference in the income is as well.
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16 July 2024 | 2 replies
@Benjamin ColemanRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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19 July 2024 | 5 replies
It was very detailed and probably will work very well.