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25 June 2024 | 2 replies
I've posted about this previously and provided copy of the guidance.
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25 June 2024 | 2 replies
I don't believe a DSCR lender would transfer the obligation to a new borrower but please correct me if I am wrong..In general, it will be be a full income verification or full documentation application with the current lender directly and no other mortgage professional would be involved.
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25 June 2024 | 0 replies
Partnering with MH Property Solutions provided valuable local insights, making this an attractive and strategic investment for Partner Driven.
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25 June 2024 | 18 replies
I am wondering is there any hard money lenders that can provide 100% financing on investment property and also provide rehab loan for short time period?.
25 June 2024 | 11 replies
.#1 do you trust your agent, and is your agent a full time real estate professional.
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24 June 2024 | 4 replies
You don't want everything to pass to them when they turn 18, however, you do want them to be able to access funds for education or professional use.
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25 June 2024 | 0 replies
Partnering with Tracy McQuire provided valuable local insights, making this an attractive and strategic investment for Partner Driven.
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23 June 2024 | 11 replies
We are eager to learn and make informed decisions that will set us up for success in our real estate ventures.Hey Petronella,If you need advice on a turnkey provider in Florida or want to deal directly with a builder let me know.
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26 June 2024 | 12 replies
Foreclosures, short sales, and off-market deals can provide these opportunities.Target up-and-coming neighborhoods with increasing home values rather than already hot areas.Research comparable recent sales and get an inspection to accurately estimate the after-repair value (ARV) before making an offer.Follow the 70% rule - the purchase price plus renovations should not exceed 70% of the ARV to leave room for profits after selling costs.Focus renovations on maximizing returns - kitchens, bathrooms, curb appeal rather than over-improving.Hire experienced contractors and have a project manager oversee work to keep things on schedule.Price the renovated home at or just slightly below comparable recent sales to facilitate a quick sale.
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25 June 2024 | 2 replies
Obviously there is a lot to discuss on this topic, but for a very quick glance, here are a few pro's and con's to consider when thinking about section 8 rentals:Pros:Guaranteed Rent Payments -> The government pays a significant portion (if not all) of the rent directly to the landlord, providing a reliable and steady income stream.High Demand -> There is often a high demand for Section 8 housing, reducing the risk of long vacancy periods.Cons:Inspection and Compliance -> The property must pass an initial inspection and comply with health and safety standards set by the local housing authority.