1 December 2024 | 10 replies
Also how about STR for the properties close to the KU medical center?
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9 December 2024 | 24 replies
Quote from @Jaycee Greene: If you go the conventional/DSCR route, these are considered "Commercial" loans and the properties are referred to as "Non Owner-Occupied" and, as such, the cash flow of the property is most important, and your DTI is not generally included in the underwriting.
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9 December 2024 | 1 reply
I have found a well-made checklist for you to go through: https://www.nar.realtor/law-and-ethics/cybersecurity-checkli...I'd like to emphasize on some point though.Section A:- These are non-negotiable.
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10 December 2024 | 11 replies
Its a tough subject because logically, they are joint and several guarantys so rationally a 100% guaranty from each of two people (one 740 one 680 for example) is ALWAYS going to be better than just one 100% guaranty from someone at 740 (so it wouldn't make sense to have a better rate for the latter)The problem is that there is fraud and "straw borrowers" out there where someone who is not involved in the property signs on to boost score and terms - so many DSCR Lenders in response either do the "non-rational" thing and price to the lower to avoid the fraud or use the higher of the two (and either be a little loose with things or just stay vigilant on any funny business)
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9 December 2024 | 8 replies
If you’re planning to pay cash for the rehab, make sure the lender provides non-dutch interest on the rehab portion so you only pay interest on the funds you actually draw, if any at all.Once the renovations are complete, you can do a cash-out refinance after 3 months of ownership.
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14 December 2024 | 36 replies
You will have to check your local association as to whether they have a non-MLS membership.All of that said though, how do you plan to write your own offers on your own rental properties?
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19 December 2024 | 82 replies
You can househack non-conventionally, but that's by renting the room out and the better way.
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6 December 2024 | 15 replies
Nationwide sent a non-renewal letter for an 8-plex, claiming property was within 1 mile of a fire hazard zone.
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5 December 2024 | 13 replies
You will get to prorate the gain betweens periods of "qualified use" (as your primary) and "non-qualified use" (as investment).
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4 December 2024 | 9 replies
In Maryland for a year lease, you have to give 90 day notice of non-renewal.