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18 January 2023 | 12 replies
While I get that total income doesn't reflect all the bills / debts a tenant has, it works out well for us in that we seldom have to evict tenants that don't have some life-changing event in their lives (like loss of job, etc).
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22 January 2024 | 0 replies
- Incorporate succulents within rock arrangements for a trendy and low-maintenance touch.Remember, landscaping should reflect your property's personality and create a positive first impression.
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18 January 2024 | 10 replies
Some things to consider:* usually used for single family or 2-8 multi family unit properties (fits your scenario)* must be for investment, non owner occupied (if looking for a product for alternative qualifying solutions for owner occupied there are other products)* can close in a personal name or LLC* usually 80% LTV for a purchase (20% down payment) & usually 75-80% LTV for cash out refis* prepayment penalties vary and are optional, but the higher the prepayment penalty, the lower the rate / options typical range from no prepay all the way up to 5 year prepay and structures vary for how those penalties work (3 year is my most popular by far)* appraisal most likely required and paid out of pocket during transaction* can be used for long term, mid term, or short term rental properties * generally 1%+ is the desired DSCR ratio but you get better rates if the ratio is higher (usually rate breaks kick in at 1.15%+ or 1.25%+) and you can still get the loan done if ratio is lower than 1% but the rate will reflect that (DM me if you wand help learning how to calculate the ratio)* the average time to close is 21-30 days* fees vary lender to lender and product to product, but $1595 underwriting plus title fees is pretty standard* 700+ credit is preferred to get max LTV, but plenty of options if credit falls below that* a typical loan minimum is $75k (have limited options for $50k+) and typical loan maximum is $3-4m (have limited options for $4m+)* 3 months reserves usually required, having 6+ months will usually result in better loan terms, 0 reserves can still get the job done if you go with a program that allows you to use the cash flow as reserves* 30 year fixed, IO, and ARMS available
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12 January 2023 | 23 replies
If so, shouldn't the pricing adjust to reflect that to make sure the other properties are still getting bookings?
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24 January 2024 | 0 replies
As a property manager, one encounters a diverse array of homes with unique interiors, each reflecting the individual tastes and preferences of the homeowners.
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13 December 2023 | 5 replies
This officially updates the public records to reflect the new parcels.If the process becomes difficult...Consider Hiring a Professional: While it's possible to manage this process on your own, particularly if it's a straightforward split, it can still be complex.
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24 January 2024 | 1 reply
- Consider reflective window films to diffuse sunlight.Aesthetic and Efficient: - Maximizing natural light reduces the need for artificial lighting
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24 January 2024 | 14 replies
Yes many deals turn out negative in today’s market but that is a reflection of greedy owners who are selling thinking their properties are worth millions and interest rates being too high.
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28 February 2021 | 6 replies
Cozy wants the refund to be reflected as a deduction to their next months rent.
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6 June 2022 | 17 replies
Families travel to Orlando for the whole Disney/theme park experience, and they want that experience reflected in the homes.