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24 June 2024 | 1 reply
Hey Ashley,Section 8 provides a subsidy to low-income tenants to help cover their rent, with the amount varying based on factors like local housing costs and tenant income.
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22 June 2024 | 17 replies
The way I interpret it is, if you as the landlord pull a credit score of the applicant, you must then ask them why it is what it is...seems like this pertains to past evictions and other aspects as well...the ordinance does not clarify what type of 'additional information' and 'history' would categorically allow a landlord to reject a tenant's application
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25 June 2024 | 7 replies
If you'd like an investor friendly lender, I know a few and am happy to provide their info :) Best of luck!
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24 June 2024 | 1 reply
Investors, (two of us) ultimately funded about 32% of the project with cash and additional money was raised from members of the local REIA, simply by word of mouth.
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22 June 2024 | 8 replies
An LLC can provide a layer of protection by separating your personal assets from your rental business.
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24 June 2024 | 5 replies
I also added 4 new basement windows that provide proper egress, rewired the basement and landscaped the yard.
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24 June 2024 | 3 replies
The below is the closing costs breakdown the lender has provided.
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26 June 2024 | 16 replies
I would chat with a conventional lender about what max leverage they can provide on a refinance, I know with DSCR you will be right around max leverage for a cash out (75% LTV) and it would likely be break even.
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24 June 2024 | 3 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!