
20 March 2024 | 14 replies
The main difference is the terms, DSCR terms are 15 and 30 years fixed and 30 and 40-year interest only options, there is more leniency as to Minimum Credit scores, Vacant units, and DSCR coverage.

20 March 2024 | 4 replies
Even then make sure you do a background check, credit score, and put them on a legit lease.

19 March 2024 | 11 replies
Whether solar is a good financial decision depends on current usage and available roof or ground space to build a system that offsets the usage.

21 March 2024 | 7 replies
Depending on the number of rooms, section 8 may also be a good option. 5BR is paying like 3K with utilities in PVD.Ultimately, I think you should sell it.

21 March 2024 | 1 reply
I've had broken windows, paint, and plumbing items flagged for repair but never stairs; although I have seen some really poorly constructed staircases and it's not terribly surprising to me that something like that could get flagged.Ultimately It's negotiable with the seller, although you should come to terms with the fact that you're an FHA buyer, and the seller would not have this issue with a conventional buyer; it entirely depends on your circumstances whether this is actually something the seller should pay for or not.

21 March 2024 | 12 replies
You want to buy any new properties in a LLC but also depending on how much you want to scale your real estate biz, you may want to create a holding company LLC and a S-Corp if you get large enough.

20 March 2024 | 14 replies
Using credit cards/helocs could temporarily lower your credit score if they are maxed out (30% of your credit score is credit utilization), so keep that in mind.

21 March 2024 | 11 replies
I think this depends on the bank and of the allow helocs on rental properties at the time the loan was underwritten.

21 March 2024 | 10 replies
And the income approach is not typically reliable, since 2-4 unit property rents typically vary widely, depending on many factors, and the grm's (gross rent multipliers) will reflect that, therefore, causing a wide range in values.

22 March 2024 | 13 replies
@Ricardo T.It all depends on your risk tolerance and what gives you peace of mind.