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21 March 2024 | 6 replies
For example, all I have to do is type “rental1” in my iPhone and it will replace it with that first reply.
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22 March 2024 | 13 replies
In your example I see nothing wrong and no red flags with this request.
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22 March 2024 | 9 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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21 March 2024 | 5 replies
If its a tax deed foreclosure that may be different as typically in most states you would have to go throught quiet title. but if its a mortgage foreclosure you should be able to get title insurance.
22 March 2024 | 12 replies
For example, working with insurance companies who's clients home has been destroyed (fire, flood, wind etc).
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22 March 2024 | 22 replies
Typically, it just refers to the number of units/leases you have, not the number of tax parcels.
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20 March 2024 | 12 replies
If it works in a 'worst case scenario' situation for income, then it'll be even better if you can get more for rent, for example.
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21 March 2024 | 34 replies
But remember bank appraisals are still typically low, so you probably have some wiggle room there.Can you add more equity into the property by fixing it up, or adding amenities that it does not already have?
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21 March 2024 | 10 replies
For example, the PMI on FHA loan.
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21 March 2024 | 4 replies
For example there are strict guidelines in Los Angeles for STRs.2.