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17 June 2024 | 12 replies
I usually ding their credit but thats about it and move on because I don't want to pay any lawyer fees.
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17 June 2024 | 9 replies
We no issues closing in an LLC, as a matter of fact most of my lenders will prefer it (assuming it is not your primary residence)Assuming it is not your primary residence, the easiest way to do this deal would be through a DSCR Loans.A DSCR Loan will use current rents or market rents if the property is vacant and personal tax return from you would NOT be required.It also referred to as a No Ratio Loan because your personal Debt To Income is not important.What is important is that the property can pay for itself.If we keep the LTV Low the rate for this loan can be better than a conventional loan.If you ARE Living in the property and you want to keep it... it would mostly depend on how motivated you are and how willing you'd be to "postpone gratification"The best bet is still a DSCR Loan.. which means you moving and renting the property out.We can bring in Asset Based Financing that can help with cash down (if you need it) or to pay cash for another property for you to reside in.Once you're moved out we can do the DSCR Loan at a 70% - 80% LTV or we can calculate a comfortable cash flow number.For example, max cash out that will give you $500 cashflow after a full PITI payment.Let's discuss more!
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15 June 2024 | 54 replies
What did you pay for this one?
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17 June 2024 | 15 replies
The STR will pay out the first rental payment in January, so I have no idea how that one is performing.
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13 June 2024 | 3 replies
I am trying to find out if I can include closing costs I am paying on behalf of the buyer in my capital gains calculation.
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13 June 2024 | 9 replies
You might be through the pay-or-quit and filing periods by the time the lease ends.
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17 June 2024 | 2 replies
I havent done any Habitat Loans but form most DPA Programs in Florida if the refinance the mortgage or sell the house they have to pay back the grant.But they all work different.
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16 June 2024 | 2 replies
I'm trying to decide when or if I should transition from "building the portfolio" and acquiring properties and move to paying down the loans and building cash flow.
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13 June 2024 | 7 replies
- ie can one structure the acquisition with fixed rate debt where the property will be “self-supporting” - produce enough income to pay all operating amd debts expenses with a little left over as cash flow - as a protective layer for the inevitable downtown.2.