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Results (10,000+)
Bo Evans Can you get a Equity Line of Credit on a MHP?
5 May 2024 | 4 replies
If you are looking for funds to make infrastructure improvements you could try the SBA and/or do some research for any State financial assistance. 
Glenn Mangold Advice for floor plan, FF vs AirBnB. Please help!
4 May 2024 | 14 replies
The layout looks good, having a private entrance and driveway is a plus and it sounds like you've done a great job researching market demand and pricing.
Ariel Gonzalez Monopolized portfolio in submarket
5 May 2024 | 2 replies
But it was near a neighboring city (30-45 minute commute) with a lot of potential value. 
Austin Tam Calling All ABC Capital Investors: Updates on Investments
6 May 2024 | 23 replies
During this webinar, Maverick Investor Group promoted and referred potential investors (like me) to ABC Baltimore (Jay Walsh).
Christina Hall Cost Seg Study SFR Short Term Rental
5 May 2024 | 10 replies
If the potential tax savings outweigh the cost of the service - and you're planning on keeping the property for at least 5-7 years, a seg study can be a really good tool to get some tax savings up front. 
Alberto Cioni how to avoid DST high commisions?
5 May 2024 | 9 replies
Most DSTs have a disposition fee on the back end that they only receive after they've returned original capital, giving them an incentive to do so.Work with a group that has experience with the sponsors and knows what potential red flags to look for in each offering so you might mitigate potential risks.
Andrew C. Selling a 1031 exchanged property with increased debt
5 May 2024 | 4 replies
I am confused on how to think about my potential tax liability and I've had different opinions from professionals. 
Charles Baker Cost segregation - SFR acquired in 2021 followed by full reno
5 May 2024 | 6 replies
By identifying and classifying the various components of a property, it may be possible to accelerate the depreciation of certain items and potentially reduce your tax liability.It is important to note that the rules around cost segregation and depreciation can be complex, and it may be beneficial to work with a qualified tax professional to determine the best approach for your specific situation.
Matt Randall Question about investing with a DSCR Loan
6 May 2024 | 9 replies
Underwriting items for DSCR loans include appraisal, credit report, liquidity verification, borrowing entity documents, landlord insurance verification, and whereapplicable lease, verification of rent and security deposit receipt, and property management agreement.DSCR lenders should never ask you for tax returns, W-2 income, pay stubs, or company financial statements.A good DSCR lender can fund your DSCR loan in under 30 days.Pro Number 2: Loan StructureDSCR loans are generally structured as thirty year term, fixed rate and fully amortizing, with LTV up to 80%.To increase cash flow and boost DSCR to qualify for a higher LTV, you can even structure with a five or ten year interest-only period where principal payments are made over the remaining portion of the 30 year term.Most DSCR lenders can fund your loan with DSCR as low as 1.0, though 1.1 is where you will find the best terms.A few DSCR lenders specialize in no and low seasoning cash out refi for rental property investors who use the BRRR strategy.Compare this to traditional banks which generally offer lower LTV, shorter term, higher DSCR requirement, and 6 months of seasoning.Pro Number 3: ReliabilityDSCR loans are a growing component of the multi trillion dollar institutional credit market.While DSCR loan origination volume is growing fast, it struggles to satisfy the demand from institutional investors such as insurance companies, pension funds and credit funds that buy DSCR loans.For this reason, as long as DSCR loan program guidelines for subject property and borrower are met, there is a very high probability that your loan will be fundedwithout delay.Compare this to banks which may subject you to months of underwriting before ultimately rejecting your loan application for reasons unrelated to your application.Con Number 1: Strict GuidelinesThe largest and healthiest part of the DSCR loan industry is 1 to 4 unit residential investment properties in non rural markets where the As Is value and the purchase price is one hundred thousand dollars or higher, and the guarantor's credit score is 680 or higher.If an element of your transaction does not fall within program guidelines, your loan will either be declined or require an exception which can cause delay.DSCR loan program guidelines are constantly evolving to adapt to the demands of borrowers and institutional investors, and to respond to market and risk.A good DSCR lender will knowledgeably and transparently communicate program guidelines, proactively communicate to identify potential issues, and set expectations in a clear and thoughtful manner.Con Number 2: ShenanigansThe DSCR loan industry is fast growing and loosely regulated, attracting loan brokers, private lenders and salesmen who are not knowledgable about program guidelines, not expert in structuring your loan to meet your specific goals, not capable of closing your loan in a timely manner, and not truthful or transparent about loan terms.Con Number 3: Higher interest ratesGiven the demand for DSCR loans from institutional credit investors, the credit spread or risk premium has decreased, making DSCR loan interest rates from the most competitive DSCR lenders nearly the same as bank loans and conventional investment property loans.We should include an asterisk on this con because it is not always true and may not be true in the future.
Evelyn Allasi Is investing in University area of Akron a good idea?
6 May 2024 | 15 replies
I suggest to make deep research about the location and risk or ask experts personally before take actions.