30 April 2024 | 13 replies
My guess is they may just be proud of how it turned out and want to show it off.
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30 April 2024 | 43 replies
Have seen many investors ripped off by agents and contractors that screw OOS investors because they know they won't be watched closely.If you pursue, you'll need a GREAT & TRANSPARENT team.
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30 April 2024 | 18 replies
She takes about 80% of the management burden off me.
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30 April 2024 | 12 replies
It's originally was going to be but it's a flip now.Hi Curtis, even if the house is not rented there are DSCR options you can to that would go off an appraiser's fair market rent analysis.
29 April 2024 | 7 replies
.: Subject To and Wraps are very similar and yet, very different.Subject To & Wraps share these characteristics You are taking over payment of the mortgage and transferring the property into your name You become the owner The loan does not get paid off The lender can and sometimes will call the Due on Sale You have to have money or credit to solve a Due on Sale call They are used when someone doesn’t have much equity and doesn’t want to pay a real estate agent They are used when the seller wants to sell fast They are used when the property isn’t really a good candidate for the MLS because of the condition of the property They are used when It’s a unique property and it’s hard to find comps They are used when it’s a distressed situation that needs to be resolved They are used when the monthly payment is below market rate (that means it cash flows) They are used when the seller wants to avoid the hassles of listingSubject To & Wraps Differences In a Subject To, NO new mortgage is created.
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30 April 2024 | 11 replies
I am a local investor myself and a Realtor, if you want to bounce anything off me feel free to reach out.
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29 April 2024 | 7 replies
going off of low sleep and answering forum posts is not a good recipe.
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29 April 2024 | 4 replies
So I was thinking if I could get a small business loan to get my 20% covered and then get into a DSCR loan and be off to the races.
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29 April 2024 | 3 replies
DSCR is great for Self-employed borrowers or business owners who write off a lof of debts and show little income.