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27 November 2024 | 7 replies
Take a look at the rents for both sides vs current mortgage payment (if any), new payment on the cash out or HELOC, taxes, insurance and HOA (if applicable).
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29 November 2024 | 12 replies
In terms of Costs associated with an LLC-Roughly like $100 to file with the secretary of state in Ohio if you wanted to do it yourself-Cost for your accountant to prep a tax return at the end of the year for that LLC (depends on your accountant)-Cost of a higher interest rate with a DSCR loan -Maybe more advanced, but if you have more rentals the cost of additional bookkeeping software like having to pay for additional quick books accounts.
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25 November 2024 | 11 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
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23 November 2024 | 40 replies
I have never heard of that.Maybe go in and manually block direct bookings so their software doesn't pick up on where this is coming from?
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26 November 2024 | 13 replies
Hi all,I'm a software engineer at a fintech company making decent salary.
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5 December 2024 | 87 replies
To answer your first question, since we warranty the purchase price less payments received, our performance warranty is only applicable until an investor's investment principle is no longer at risk (which is typically for the first 4 to 7 years from when they purchased a re-performing note).
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25 November 2024 | 7 replies
Your credit score needs to stay relatively the same from application to closing.
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25 November 2024 | 5 replies
If changing your LLC name isn’t feasible, consider using a DBA for credit applications.
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25 November 2024 | 8 replies
Often you have to then chase them for application docs.
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21 November 2024 | 305 replies
What software do you guys use to do this?"