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3 May 2024 | 3 replies
Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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3 May 2024 | 8 replies
Hi,I rented out a room to two friends over the past 1.5 years and it all went well so I never had to really exercise evictions/late fees/ any other nasty things.
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1 May 2024 | 3 replies
We are experiencing a surge in last minute bookings.
3 May 2024 | 8 replies
There are some that will do a minimum $50K per door, so they may be able to get you an exception if they like the deal.
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30 April 2024 | 7 replies
If you have a third party managing / overseeing construction, CapEx improvements, larger repairs, etc. what is the fee (%?)
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3 May 2024 | 35 replies
"unable to provide proof of income documents" ect. the application fee is non refundable . . if you have further questions, email here.Overall, I think you should develop a screening process.
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4 May 2024 | 18 replies
I recommend doing at least 5 per day.
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3 May 2024 | 12 replies
DSCR would be an option, however, if you can qualify for a full a documentation loan your rate and terms (like your upfront closing costs and pre-payment fee that come with most DSCR options) are better with a full doc loan.
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2 May 2024 | 6 replies
Boston Housing Authority - Boston Housing Authority (click on "For Landlords" tab)If you're serious about being a DIY landlord, you're going to have to invest MORE time into research than just posting here for help.Go spend 30 minutes on their website and then ask more specific questions for clarification.
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3 May 2024 | 7 replies
Offer to cover 3% of closing costs since you’re saving that in realtors fees.