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15 May 2024 | 7 replies
They usually pull your credit but lend based on the income potential of the property.
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13 May 2024 | 3 replies
Any little miss wording or failure on dates can throw a 1031 out or create taxes.
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14 May 2024 | 10 replies
Not to mention, inability to refinance out all of your initial capital is not merely LTV based.
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14 May 2024 | 17 replies
I find their competitive set tool which finds comparable buildings based on actual data, quite helpful too in terms of vetting deals and providing proof of concept.
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14 May 2024 | 4 replies
Free attorneys from tenant-support groups are very effective in finding ways to block and delay.PS: for anyone interested in supporting our landlord legislative efforts please join the Rental Property Association of Wisconsin RPAWI.org which is a Milwaukee-based non-profit.Cashflow in Milwaukee is still possible at current interest rates, but you have to be careful to not "buy cashflow" with a huge capex liability that comes with old buildings!
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14 May 2024 | 18 replies
Since the loan is based on the entire portfolio, they can prevent you from selling a property to satisfy the default.
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15 May 2024 | 9 replies
(Quoted about 8.5% rate on a DSCR loan, and budgeting 10% of rents for capex, 9% for PM, and 5% each for vacancy and maintenance) After-rehab rents would be about 1350-1500 based on comps.
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14 May 2024 | 2 replies
View report*This link comes directly from our calculators, based on information input by the member who posted.
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15 May 2024 | 16 replies
If you do not qualify for a HELOC or a traditional cash out, You may look into doing a DSCR based second mortgage or 1st.
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14 May 2024 | 5 replies
On every project I have worked on a site plan is required, the only way to generate an accurate site plan is to base it on a survey.