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8 April 2020 | 14 replies
Input from multiple sources on stuff from tenants to getting financing to SBA loans to evictions to foreclosures to short term rentals.....everything is changed.
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9 April 2020 | 15 replies
They also had an issue sourcing laminate flooring (on backorder).
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3 April 2020 | 6 replies
I believe some managers try to get a full month on renewals as well, but that should not be the case.I also found in general my repair costs went up with management companies versus sourcing my own.
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8 February 2021 | 88 replies
@Anthony Wick this is exactly my point: there is now enough data out there for us to safely draw some reasonably accurate valuations without the need of an expensive Appraiser who either uses plastic toys and opinions and gets it wrong, or stays at home all together and consults a source like Zillow and gets it reasonably correct.
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5 April 2020 | 61 replies
No history can be sourced for all the answers, only clues and insights that might help form a plan.
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10 April 2020 | 84 replies
the finance sector that has really changed is the NON QM non owner occ loans that the HML / private lenders were off loading to Hedgefunds or other institutional note buyers.. these are not tied to the govmit.. so their funding sources just stopped over night.. so what your seeing is the SFR BRRR person who was counting on a 5% rate to refi or cash out.. those are not available right now cash out is limited or LTV pulled way back and rates at 8.5 to 10% OVER NIGHT>. so those stuck in HML doing BRRRR have some issues and those that paid cash well if they want to pull cash it will be some time before they can at a good rate or maybe the rates will never be that good.. also some probably or a lot used their HELOCs to pay cash.. so now they leveraged their personal resi and cant pay it back until they refi. you know that was a popular model talked about on this site.
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1 April 2020 | 4 replies
You need additional sources of income to pay for high enough initial down payments that give you favorable interest rates.
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17 June 2020 | 17 replies
That being said, I'm on the edge of my seat for some updates out of a few of our go to Non QM sources over the next couple of days.
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15 November 2021 | 8 replies
I do already go through the MLS, but I was looking for a source to attract those sellers before they list.
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4 April 2020 | 3 replies
Thanks, it's a switch loop, so I've found the power source at the ceiling but not sure which lead goes to the switch.