Hi All,We are under contract on our first property intended to be an STR!

If you are using a purely investment driven DSCR product you shouldnt need transcripts at all, ever.

In fact, it’s a LOT easier to find a good / great below market deal if (1) you offer all cash, quick close, NOT subject to financing and or (2) the property is one in which obtaining financing is difficult, if not impossible.Another example of where low DP is not preferable is when we syndicate property purchases.  

Do they pay on time (all of the time)?

Also make sure all your friends & social media contacts know you’re in real estate as people who already know, like & trust you are the best sources of business.  

I just got, about 20 all will be about 80k all in, All with have values of about 115- 120k, All will have about 15% or better net caps, Its all about you network and knowledge.All the best  Congrats & I agree!  

Since you would have had no agreement from your LLC to pay for the mortgage but give them all the benefits now you are just doing the same for me.

Hello all!

Hi all - my business partner and I have found a nice property we are interested in and are trying to decide between a conventional 30 year through our lender, or the owner financing offered by the owner, which is as follows: Price is $280k, would need to put 30% down and it would be amortized over 15 years at 1% below market rate.

The appliances are also all brand new installed this year- fridge, dishwasher, and washer/dryer.