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27 January 2025 | 8 replies
That should really be the deciding factor...is it necessary and a large enough project to include the permit process?
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6 February 2025 | 18 replies
But I have since found a better solution for my situation that does not include wholesaling the property.
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22 January 2025 | 12 replies
The number of DSCR (Debt Service Coverage Ratio) loans a lender will offer can vary depending on the lender, your financial situation, and the property cash flow.
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27 January 2025 | 11 replies
You want an investment that pays for itself, including mortgage, taxes, insurance, maintenance, and even some money set aside for a reserve to cover vacancies and capital expenditures.
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3 February 2025 | 25 replies
If you do have enough other income then you dont even need to lease out this property to start your refinance.However if you dont have enough income to qualify with no rental income offset then yes you will need to obtain your lease(s) and security deposit + 1st months rents deposited before you can utilize 75% of this gross income - your monthly PITIA payment (in terms of qualification on this property refinance.So all in all Id make sure what your current debt to income position is first of all (DTI) and then strategize to see if you even need the leases at all.
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20 January 2025 | 3 replies
I literally laughed through the phone at his suggestion, because I was broke, in debt, and in every way and unqualified borrower, and the lending environment in 2012 was probably stricter than it had been since the invention of the 30yr mortgage.
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14 January 2025 | 5 replies
The list comes out at least 30 days before the sale and the owners have opportunities to pay off the debt anytime in those 30 days.
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20 January 2025 | 3 replies
Some people only want 10-20% of their outstanding lines/debt balances available while the other 80-90% to be in fixed rate notes.
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23 January 2025 | 5 replies
Here the explanation and benefits:A Bank Trust or Fideicomiso allows foreigners to acquire property within the restricted zone, which includes areas within 50 kilometers of the coastline or 100 kilometers of the borders.
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29 January 2025 | 5 replies
It essentially includes having a buyer for a specific property BEFORE entering in a contract with a seller.