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22 June 2024 | 8 replies
Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.
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21 June 2024 | 11 replies
As others have mentioned, 100K in some markets is doable but in most coastal, appreciation markets, it will not be sufficient to lend in a safe manner, i.e. with a large equity buffer to protect your principal investment.
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22 June 2024 | 21 replies
Got umbrella coverage and I sleep easier.Analysis paralysis.
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18 June 2024 | 7 replies
Where are all my fellow investors in Reading PA? Is Reading-phobia still a thing? Cash flow needle in the haystack!
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23 June 2024 | 29 replies
Ever night I go to sleep not worried about what the night might bring.If you are going to go into management, I would suggest find some VA's and using on your own property ASAP.
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21 June 2024 | 21 replies
Also, don't sleep on stopping.
19 June 2024 | 4 replies
If you’re on a block of mixed use properties, you may have to rezone to turn the floor into a sleeping apartment.
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20 June 2024 | 7 replies
A signed lease alone is no longer seen as sufficient evidence.This requirement applies when the rental income is needed to qualify for the new loan's debt-to-income ratio.
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23 June 2024 | 105 replies
Some folks are fearful by nature and sleep better knowing they have done everything they can to protect themselves, even though there is a significant cost.
19 June 2024 | 6 replies
The seller would have to carry a very large second mortgage and this point will stop many deals in its tracks... but it's not impossible and it would definitely work if you can get the seller to agree to carry a large second.The other high LTV scenario would also involve a hard money lender and instead of cash we can cross collateralize with other real estate you own assuming there is sufficient equity in said holdings.The challenge in this scenario would be the cost of the hard money... it may be workable on the 140 units, assuming you are getting a good enough deal on place.