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1 May 2024 | 2 replies
Any thoughts on how far to get outside of "Attraction" areas and still get low STR vacancy rates in this area?
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30 April 2024 | 37 replies
Rates on DSCR are nearly the same as a conventional investment property loan.
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30 April 2024 | 12 replies
I just checked and it's still on the market with the pricing having been dropped over 30% since its initial listing.
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30 April 2024 | 6 replies
A cash out refinance to buy more property would put a substantial dent in cash flow with current interest rates.
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30 April 2024 | 4 replies
(in fact, the rehabber had extra expenses because they had to fire rate the garage).
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30 April 2024 | 18 replies
Wasn’t sure if the flat rate would be on the high or low end honestly :)
30 April 2024 | 2 replies
Thanks,Robert Robert,Would either have to look into some kind of a Quit Claim Deed to transfer it into your entity, or just fully refinancing either cash-out if you have any equity, or doing a rate and term refinance where you just transfer the existing debt in the property into your LLC.Payments could go either way, by being a member of the LLC, any rent payments could be linked to you pretty easily.
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30 April 2024 | 9 replies
Higher taxes, higher insurance, higher interest rates.
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30 April 2024 | 1 reply
With interest rates at a steady increase, typically investors in Multi units are looking at 8-11% interest on conventional, commercial, and PML options.
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30 April 2024 | 7 replies
Even though you only need 15-30k, DSCR loans are typically at least 75k as the minimum requirement and you'll get an increase on your rate for having a "low loan amount."