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23 April 2024 | 9 replies
Qualifications typically center around whether the monthly rental income can at least break even (1.00 DSCR) with the monthly PITI.We would simply need to know the following information to determine eligibility, interest rate, and loan terms for DSCR financing:o Purchase or Refinanceo Property Addresso Monthly Rental incomeo Annual Taxeso Annual Insuranceo Estimated Credit ScoreThe documentation is relatively light as well, compared to a conventional loan underwritten to your personal income/taxes/debts.▪ Entity documents ▪ 2 months of bank statements ▪ Photo ID ▪ Lease agreement (refinance) ▪ Sales contract (purchase)
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23 April 2024 | 3 replies
We've also been exploring properties in person.
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23 April 2024 | 15 replies
House hacking will also give you some personal "property management" experience.
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23 April 2024 | 27 replies
i don't see how you do it unless either (1) you are there in person or (2) you have a trusted team on the ground.
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23 April 2024 | 6 replies
We have in-person meetups once a month in Northern NJ.
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23 April 2024 | 12 replies
Ping me if you're personally interested to help shape it or reply if you have features/capabilities you would love to see.
24 April 2024 | 11 replies
Its what I'm doing...You aren't the first person in this situation.
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23 April 2024 | 10 replies
I personally invest here for both the cash flow and appreciation.
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20 April 2024 | 7 replies
., your lender instructions and loan docs should be clear on that.
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23 April 2024 | 9 replies
If you're truly interested in the property then you need to get in front of this person.