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17 April 2024 | 13 replies
And it's such a sellers market here that it's difficult to get a deep enough discount to clear much equity.
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18 April 2024 | 1 reply
One of the big things is I may sell myself short thinking I cant get into certain things with my limited experience.Thank you!
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18 April 2024 | 0 replies
Short-Term Rentals:With its growing tourism industry and thriving business sector, Charlotte is a hotspot for short-term rental properties.
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20 April 2024 | 34 replies
Same thing I provide when I am buying all this inventory for these companies the sellers want my POF.You know Engelo is a wild man so this is not shocking LOL..
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19 April 2024 | 12 replies
Will be starting as a MLO in MN here shortly.
19 April 2024 | 4 replies
Been listening to a lot of podcast lately when I am reaching out to sellers/ marketing/ working in general.
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18 April 2024 | 8 replies
If an investment property, there non-warrantable DSCR loan options.Some details:Loans available for purchase, rate and term refinance (no cash out) and cash-out refinanceCredits score down to 620LTV are up to 75% for purchase and 70% for cash out.Rate buydown feature available.DSCR (lower of gross rent lease or Form 1007/216 rent divided by PITIA) as low as 1.0x.For experienced investors (one year of investor experience and own home), short term rentals can be structured off of 12 month short term rental history with 20% expense factor.
18 April 2024 | 12 replies
Currently own my primary residence and 2 investment properties are a beach condo (short term) and single family home (long term rental).The problem is I run a successful business and have no time to do the research in new markets, deal flow, upgrades, making sure cashflow, property management, etc.I am also not a real estate professional.
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18 April 2024 | 18 replies
If stuff hits the fan and you can't afford it, that's when you become a motivated seller.
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17 April 2024 | 18 replies
While you are not required to have a property manager for your long-term rental (short term is a different story), you can only handle administrative functions such as making phone calls, paying bills, selecting a contractor, etc. and must be completely hands off.