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15 May 2024 | 48 replies
It depends on the lender but it typically just requires you to sign a document provided by the lender that states you are intending on moving to the property and staying for a year.
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14 May 2024 | 25 replies
Far better to think of CSAT as a flywheel you're trying to keep spinning over time to secure repeat bookings from guests you build a relationship with over time. 4.
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12 May 2024 | 5 replies
Tomorrow is my last day before I lose my earnest money and the owners haven’t provided proof of month to month leases.
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16 May 2024 | 158 replies
What other value do they provide?
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14 May 2024 | 7 replies
Option 2: 9-Month Lease TermLease Term: August 1, 2024, to April 30, 2025 @ $2,600/monthEarly Termination Clause: Should you need to terminate the lease early, a stipulation of three months' rent will be required andNotice Requirement: Written notice of termination must be provided at least 30 days in advance.For example, if you provide your 30 days notice on October 31st, tenants would be expected to vacate the property by November 30th.
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16 May 2024 | 0 replies
HiI am working with a TK provider and they have a SFR in Shannon Hills which I like.
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16 May 2024 | 8 replies
You never know who is watching this discussion and can provide extremely valuable feedback that a mentor or coach may provide for an arm and a leg!
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16 May 2024 | 14 replies
@Yocheved Beer Lender's customarily will not provide credit for imputed equity for merely purchasing a property well.
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15 May 2024 | 10 replies
Hml should not require that in advance. instead, if building new, reconfiguring, etc, something a municipality might not go far, they are perhaps looking for now security before purchasing. which of these sounds like what you've encountered?
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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.