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8 June 2024 | 4 replies
The house had way more potential in person than the mls photos showed.I know the market well here.
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8 June 2024 | 16 replies
LLC, personal, personal guarantee, jointly, etc.
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8 June 2024 | 5 replies
(And offered to pay to fix it)What concerns me is she did not reach out to the person below or contact anyone .
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8 June 2024 | 8 replies
To protect myself I don't want tenants knowing my personal address etc.
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8 June 2024 | 8 replies
Exterior work involved repairing the roof, painting, replacing rotten wood, and installing new light fixtures.Multiple contractors were engaged for the project, with licensed professionals handling electrical, plumbing, and HVAC upgrades.I have compared the comps in this area on Zillow and it’s in the range of 115k to 130k. all else checks out, except that I do not have boots on the ground to verify in-person.
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8 June 2024 | 1 reply
Have you ever used your real estate or mortgage license for your personal transactions?
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10 June 2024 | 39 replies
You might be more than 10% or even more than 100% on the hook with private money especially if that came with a personal guarantee…
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7 June 2024 | 10 replies
Don't rent to a friend unless you are an experienced owner as friendships and family relations are hard to manage through business transactions.
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5 June 2024 | 8 replies
You'll get an idea of the rate, the down payment required, do they want an experienced manager to make the loan fundable at close- where would you get this person is it you?
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6 June 2024 | 4 replies
You answered your question in the last sentence - disclosures are required on conventional but not for DSCR - these are really aimed at overprotecting the consumer (non sophisticated or non real estate professional) - since DSCR Loans are 100% business purpose and for investors (and typically for experienced investors or non-first time buyers only), there is less need to overly disclose / overly explain everything in a disclosure since its assumed they are experienced and know the basics