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19 March 2024 | 26 replies
As many as your financial situation can handle ,
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20 March 2024 | 18 replies
Quote from @Rigel Cagbabanua: L@Paul De Luca I’m thinking of saving up to down 20% probably and I would also like to have it rented by tenants in the future I don't know your financial situation and it depends on the purchase price, but for a lot of people it can take years to save up for 20% down.
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20 March 2024 | 15 replies
Some DSCR Lenders have now moved to better accommodate this - taking 120% or 125% of in-place rent in situations like these
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20 March 2024 | 10 replies
If you work with a single lender for the refis, many will offer you discounts for multiples, so even though its not a portfolio per se, you can still save money on some closing costs by doing them all at once.Good luck on it though, would be happy to recommend if it would be helpful.
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20 March 2024 | 3 replies
Hi - a lot of people in your situation move from conventional to "DSCR Loans" for this exact reason - since its hard to scale meaningfully when needing a DTI ratio to qualify (one of the main benefits of DSCR is no DTI ratio in qualification).Check out this 10-part guide on all you need to know on DSCR Loans published on BP!
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21 March 2024 | 25 replies
Have you ever run into a situation where the essential repairs bumped the Price into “not a good deal” territory?
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20 March 2024 | 11 replies
Once the money is back in my account I'll send the rent money'-'My car ---- the bed and needs fixed'-'The storage facility I have some stuff in charged my credit card 10X what they should have'-We had an unexpected bill'-'My credit card/debit card/bank account got hacked' (this one has happened multiple times to different tenants)-'I got another job that pays better'
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20 March 2024 | 23 replies
My current situation does not support house hacking, but maybe I will be able to try it some time in the future.
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20 March 2024 | 0 replies
Ill explain my situation the best I can...Ive got a 100% remote corporate w2 Job making approximately 200k that offers a bit of flexibility since its mostly just project work.
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20 March 2024 | 8 replies
Besides a none renewal of lease which only a few months away, any recommendation on what to do next or another strategy to address the situation would be greatly appreciated.