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18 June 2024 | 11 replies
I have no student loans or debt and I’m looking to start investing in properties.
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17 June 2024 | 16 replies
One piece here is that yes you can potentially find buyers that will have a premium for successful track record + even furnishings, listings, review - but important to remember that there won't be a premium assessed by the lender in almost all situations if the buyer is using financing to acquire - their loan will be based on the pure real estate value even if they are paying more - just a tip to keep clarified so no surprises that can throw off deals
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19 June 2024 | 14 replies
everyone’s situation is unique.
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18 June 2024 | 31 replies
Lesson learned was getting a test it was cheap, feeling better knowing it was safe before we rented it out was better still.This happened prior to our closing on the deal, so slightly different situation.
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18 June 2024 | 26 replies
Also I only hope to purchase 1 new property a year so I assume those situations wont pop up too often.Thanks for the quick reply!
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18 June 2024 | 12 replies
Getting the DSCR loan for the investment property is the easy part
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18 June 2024 | 3 replies
I typically buy/sell in urban areas where there's a sewer system and public water, so I need resources/referrals for this situation.
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18 June 2024 | 8 replies
My assumption is that she'll say 30 days is not enough time to find a new place (if she can't promptly pay her under market rent, how will she come up with first and security deposit elsewhere), will not finish paying her May rent and won't pay June either so trying to see if it's best practice to have that eviction filing in process as an incentive for the tenant to move along quickly.As a note to others in a similar situation, what I've read here in the forums that I didn't adhere to was "stick to the lease" and if someone is a consistent problem, they're not going to turn on a dime and get better, you have to protect your investment and part ways when things aren't working.Any insight appreciated.
18 June 2024 | 6 replies
Once purchased and repaired (with a HML) we refinance with a long term loan or a DSCR loan and obtain quite decent cashflow while enjoying the appreciation Denver offers.