Someone will point out that the 2-4 unit have a better track record of appreciation these past few years, but as mentioned I suspect that's largely being driven by the residential DSCR loans, the same way that being able to get a $200k student loan for an associates degree in basket weaving will drive up the cost of basket weaving education to $200k (and if the loans for the $200k basket weaving degrees went away, the price of a basket weaving degree would instantly drop, true or false?).

Based on those answers you can decide if you want to set up a showing with them.Before we talk about streamlining showings, I want to share a hack with you during the initial screening phase.Prepare templated questions in advance to streamline the process and utilize text replacement features on your smartphone for efficiency.

Your husband should review the plan documents or contact the plan administrator to understand the specific rules that apply to his 401(k) plan.Loan Limits: 401(k) loans are usually subject to certain limits, such as a maximum loan amount based on a percentage of the account balance or a set dollar amount.

I'm considering going to the bank and being completely transparent to ask for an increase in the rehab loan, but they have a much more conservative ARV in their appraisal based on much lower projected rents ($1,400 avg vs the $2,000 avg we're actually getting on the finished units), so I'd have to convince them of the higher ARV.  

Not that the intent is back out, but one thing I'm trying to do is gaining a solid understanding of no-risk EMD (as long as deal is closed within a certain timeframe), - how to explain the risk reversal to the seller - and also the buyer.I would be most thankful for the help and if you wanna join my network of MD/DC/VA based REI let me know.

In SFR if prices rise supply drops, high interest rates makes cash flow for new investors go away and supply drops.

They told me no tax returns and its financial statement based lending on commercial side, curious if they need to be done by CPA?

Hi Amanda, DSCR loans are becoming a popular financing option for investors since there are no restrictions on the number of loans you can have, and you can qualify based on the rents covering the full mortgage payment, no personal DTI needed. 

3/15/24Home sellers would no longer be forced to pay up to 6 percent commission to agents under a settlement that experts say will drive down prices.American homeowners could see a significant drop in the cost of selling their homes after a real estate trade group agreed to a landmark deal that will eliminate a bedrock of the industry, the 6 percent sales commission.The National Association of Realtors, a powerful organization that has set the guidelines for home sales for decades, has agreed to settle a series of lawsuits by paying $418 million in damages and by eliminating its rules on commissions.

The rate and terms you received on your loan are based on how the lender underwrote your occupancy.