Quote from @William Strom: Are condos a good investment?

Quote from @Keith Sehi: I currently have a llc in Illinois but will begin construction for a str on kentucky lake.

Quote from @Robin Simon: Quote from @Chris Seveney: Quote from @John ONeill: Compare and contrast private money loans and hard money loans.Discuss scenarios where each type of loan is most beneficial.Please share experiences and preferences. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

@Brie Schmidt we have had this happen before, but typically what we showed them the prior DU they corrected it.  

Quote from @Robin Simon: Quote from @Nicole Heasley: Quote from @Eliott Elias: Traditional banks will not offer this, private investors do.

If HM, you also will not have much negotiating until you do several Its typically 35- 40% down 12 +  points,Good luck 

Quote from @Heather Schneider: I'm looking at doing a 1031 from Colorado to investing in residential (single family/multi-family) in Cheyenne, Wyoming area and wondering if anyone has current insight to this area?

Typically you want to be all in around 70 to 75% of the value of the home. 

Quote from @Maverick Go: Is there a DSCR loan available for refinancing self-storage properties in the $700,000 to $1 million range with a reasonable interest rate of 6.5% to 8%, or are DSCR loans only for residential investments?