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19 April 2024 | 12 replies
This could include new construction loans, down payment assistance programs, private loans, hard money loans, and rehab loans.Compliance & Legal Support: Does sponsors usally help you navigate the ever-changing regulatory landscape?
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18 April 2024 | 7 replies
You should be getting an annual escrow review showing new tax and insurance charges and how that affects your payments, usually you can either send the difference as one payment or they raise your monthly payments to cover it.
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18 April 2024 | 1 reply
So wanted to hear from some owners or property managers who can share their experience if non suncadia pm properties rent well and hire their numbers look.
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17 April 2024 | 17 replies
I had a similar situation thought I didn't go to court, they got late up to 2 months, but communication was fluent, I knew the issues that they weren't through and I did evaluate every time if I evict them or not, the late fees accumulated were a lot and they were paying as soon as the monthly payment was done.
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19 April 2024 | 10 replies
I have told my manager that they don’t have to wait until tenants owe $3000.00 (almost 4 months of no payments) to evict them.
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18 April 2024 | 27 replies
However after running the cost it would be a 25yr loan of $33,000 at 5.99% and the monthly payment would be $150.
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16 April 2024 | 1 reply
Drug his feet on getting together the $12k down payment but eventually came through. 1 month later has missed the first payment. 99% sure I'll have to foreclose on him.
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19 April 2024 | 14 replies
Required down payment is typically 20-25% depending on FICO, property type and level of experience.
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18 April 2024 | 18 replies
For example, if the house is $100k and the renovations are $10k, your down payment would be 3.5% of $110k (plus closing fees of course).
18 April 2024 | 41 replies
I am no longer an SFR investor but if I was, I would look into investing in cyclical markets that have experienced recent large price declines (and make higher down payments than 20% to drive breakeven cash flow at inception and increased cash flow as rents (and values) increase).