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15 May 2024 | 14 replies
As long as the locational characteristics, including zoning, appeal, school districts, etc, are similar.So, yes, you're argument may be reasonable.
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17 May 2024 | 6 replies
Call a few people who do home inspections and ask if they can recommend someone or google "sewer inspector memphis tn" and you will see a number of options-then look at their ratings.
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17 May 2024 | 5 replies
The program looks at location, property value, amount owing, interest rate, taxes, insurance, rents, condition, etc and several exit strategies.When we make an offer to buy, we can offer cash, subject to, wrap, seller financing, lease option, seller carryback and so on.Obviously if we wholesale the property, there is no carrying management needed, and if use a lease option to sell, the optionee is responsible for maintenance and repairs.
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17 May 2024 | 7 replies
House hacking where you get to "live for free" is near impossible with interest rates right now.
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16 May 2024 | 8 replies
I guess you would call me an "accidental landlord" as I was able to take advantage of our interest rate on our first home.
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16 May 2024 | 3 replies
They are not going to get anything better than 5% even if they had a social as rates are above 5%.
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14 May 2024 | 21 replies
@Jay Ben, the class rating system is generally subjective.For properties: things like age and amenities drive the rating.
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16 May 2024 | 9 replies
Here's a bit more in detail about how rates are calculated for DSCR loans:1.
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16 May 2024 | 20 replies
If you're comfortable with a smaller percentage for expenses, change this part of the calculation - just realize you're ratcheting up your risk exposure on the property.Divide the net operating income by the prevailing interest rate (5%?
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16 May 2024 | 6 replies
Also some lenders will offer this on newer originated loans.It’s not common but I have seen it offered on occasionIf there is a higher default interest rate then I would consider it but if it’s the same rate as default I would not accept it