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5 December 2024 | 6 replies
If you would like to get more than the cash you paid for the property and use the new appraised value, the shortest period I've seen is 3 months of waiting period between when you closed on your last loan or transaction to when you close on your next loan / transaction.More on DSCR loans in case helpful: DSCR loans won't use your income to underwrite the loan.
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12 November 2024 | 8 replies
A good way for a newbie to understand the variety is to visit a website like Crowd Street, ShareSFR, FinResi etc.
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11 November 2024 | 9 replies
Any insight into what’s commonly accepted would be great.Thanks in advance for any tips or experiences you can share.
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5 December 2024 | 5 replies
The LTV ratio must be:75% or less, if the seasoning of the mortgage loan is between two and five years.80% or less, if the seasoning of the mortgage loan is greater than five years.Hope this helps!
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5 December 2024 | 2 replies
Under the Corporate Transparency Act, LLC's are required to file a Beneficial Ownership Information (BOI) Report.
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5 December 2024 | 20 replies
I guess for me the dividing line is does it damage the function or cause a safety hazard if I leave it on the tenant.
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5 December 2024 | 1 reply
I've discussed with the county phasing the buildout in 2 steps, building 2 units at a time.
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5 December 2024 | 6 replies
Quote from @Nicholas Dillon: Basic math on a napkin.When you cash out the equity, you borrow it from the bank.