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9 July 2024 | 4 replies
Additionally, ensuring your property is move-in ready can be beneficial.
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9 July 2024 | 7 replies
They seem to have a good business model and one of the owners is an investor himself which is definitely a plus, but they charge a leasing fee (to find and get a qualified tenant into the property) equal to 1 month of rent, which comes out to an additional 4%-8% on top of the monthly 10% maintenance/management fee depending on how long the tenant stays.
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12 July 2024 | 7 replies
In the meantime, the GC doesn't have enough to live on so each payment is partially just a way to stay alive.
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9 July 2024 | 2 replies
@Jason ReiderSome lenders will evaluate the risk differently which in this case they are not wrong because you plan on taking additional debt in the future that will have significant impact on your dti.
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10 July 2024 | 6 replies
There may be some additions done.
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12 July 2024 | 11 replies
I wish I could help on this, but now you know one thing to look out for (rural properties are sometimes VERY tough for lenders to get behind).Advice would be here to force their hand in communicating, and if they're not living up to your standards, proceed to find another lender that will.
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9 July 2024 | 22 replies
You can literally live in your Mom's basement.Also, for units, you can get higher ltv on DSCR than conventional.
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11 July 2024 | 24 replies
But at the same time it's where we live...
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9 July 2024 | 3 replies
However, she has not paid this additional $200 by the next rent due date.