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12 February 2024 | 12 replies
We had to filter reports, well needless to say, we too switched.Processes are the same for all software, enter invoice, receive payments and pay bills.
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11 February 2024 | 4 replies
You likely won’t be able to cover all of your mortgage PITI with the rent payments that you’ll receive from one half of the duplex.
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12 February 2024 | 1 reply
We agreed that they would rent until they had enough for a good down payment.
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12 February 2024 | 8 replies
This is how you really crank your ROI up, making that original down payment work harder for you.When you are in the acquisition phase of a portfolio you should be using other people's money such as mortgage to grow.
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12 February 2024 | 7 replies
If the payment is conditional on the closing of the property, that's brokering and requires licensed agents.It can get sticky in my experience.One way is to pay for the leads, so its not conditional on the closing.
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10 February 2024 | 8 replies
Then, somebody has to dig it up and trash that.No idea on hook up.
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12 February 2024 | 14 replies
DSCR terms are simply worse then a conventional loan meaning you will have higher closing costs and likely a pre-payment penalty (which can be even more expensive in the long run then the upfront closing costs).
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12 February 2024 | 2 replies
He’s funded my deals by taking out a loan from his 401k and I would make the biweekly loan payments , and pay him a fee once I sold my flips and refinanced my last property.
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12 February 2024 | 19 replies
Experience of the borrower, down payment, property cash flow, DSCR, etc.
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9 February 2024 | 3 replies
He has been with us for 9 months never missed a month's payment so far.