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14 May 2024 | 5 replies
If I do go the property management route - can i get a limited service option (say in which I find the tenant, collect rent, handle most maitnenance issues) and they primarily are liasoning with my vendors during US business hours and handle any urgent maintenance issues?
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15 May 2024 | 2 replies
No conventional lender (that I've found) will be able to fit all this criteria, because it's very unique.Occupancy: Currently rented on a short-term basis (airbnb), however, in the process of securing long term tenants.Gross rent (for 1 tiny house): $14,400 annually ($1200 monthly)NOI (for 1 tiny house): $9,600 annually ($800 monthly)Expected Gross rent (for 2 tiny houses): $26,400 annually ($2200 monthly)Expected NOI (for 2 tiny houses): $18,000 annually ($1,500 monthly)Value of portfolio financed at 8% cap rate: $225,000Loan terms sought: 70-80% LTV loan size ($157k - $180k), 20+ year termAnticipated or actual appraisal issues: This is where one of the main problems lies.
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15 May 2024 | 15 replies
I actually offered $174k and rolled my closing cost into the loan.
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15 May 2024 | 10 replies
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
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14 May 2024 | 5 replies
Gautham Bhai, we offer this service for Desi investors.
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13 May 2024 | 9 replies
First and foremost, thank you for your service.
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13 May 2024 | 8 replies
SIDENOTE: If your skip trace data set is capped at 3 phone numbers or 5 phone numbers it's a sign you are using an lower quality service.
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15 May 2024 | 4 replies
Keeping the structure the same for the purchase and the refinance is not a problem from a lending perspective unless one of you will actually hurt the qualifications of the loan. 4.
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14 May 2024 | 12 replies
Actually, I'm planning on selling those two projects.Cheers!
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16 May 2024 | 14 replies
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.