9 January 2025 | 7 replies
I would echo @Brandon Croucier - the secondary market for DSCR's is super aggressive and rates typically reflect that.
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19 January 2025 | 9 replies
Generally, the biggest difference is that DSCR Loans often have prepayment penalties attached which typically will have a 1%-5% fee if you prepay the loan within the first five years so its the "risk" of having to pay a little extra fee if you sell or refinance the property pretty early on.PS - check out this series of 10 articles published on BP on all things DSCR Loans which can give you a full rundown on everything you would need to know when using this type of loan!
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9 January 2025 | 35 replies
Do you list these features right on the listing or send to them after booking?
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16 January 2025 | 17 replies
It depends on the rental income, what you plan on putting down (20-25% is typical, 15% or 25% is required for conventional depending on # of units) For your owner occupied deal, you should be able to use a portion of the rental income to qualify and help offset your DTI a bit.
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8 January 2025 | 11 replies
**Navigating Inspections**: Section 8 inspections are stricter than typical tenant move-in inspections, and that can be a hurdle.
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23 January 2025 | 20 replies
If we get the impression they aren't committed or if they are looking for a "get rich quick" scheme, we typically don't accept them in the community.
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9 January 2025 | 5 replies
If the bank prices their debt based on the fed rate you typically see WSJ Prime + 1%.
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15 January 2025 | 10 replies
As a new fix and flip investor lenders will typically want to see 20% down payment and will be able to fund 20% of the rehab budget (80% LTC).
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9 January 2025 | 1 reply
One key he found was mixing a welcoming atmosphere with firm guidelines.. it typically falls under standard tenant landlord laws for eviction.. so you’ll want to double-check local regulations.You mentioned Furnished Finders and Padslipt.com.. from what I’ve heard, those can be great if you’re targeting traveling professionals or short term visitors.
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26 December 2024 | 4 replies
Zillow also hs a "Make Me Move" feature you can click on to see home owners listing their property in hopes of a good offer.I have also seen peopl reach out tp local AFL Assisted living facilities to talk to the Admin or on boarding nurse to see if ay families or people need to sell their home to cover costs.