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20 April 2024 | 100 replies
No one here actually knows me.
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20 April 2024 | 0 replies
I don't know anyone actually doing it yet.I would love to network with someone actively Slow Flipping in Ohio.
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21 April 2024 | 15 replies
Something that will cater to a very stable tenant class so you actually realize your returns.
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21 April 2024 | 4 replies
See who clicks with you (and who actually answers their phone!
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21 April 2024 | 8 replies
Actually I'd never touch that country with a 10-foot pole unless somebody pays me to invest there.
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21 April 2024 | 25 replies
What effect do major hoteliers or lobbyists actually having over a decade later?
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21 April 2024 | 12 replies
The number usually varies from 10-20% depending on credit score, property analysis, etc.Some lenders will work with any level of investor experience, credit scores as low as 660 and can close in as little as 10 days (there are loan options for 640-660 credit scores- they require 20% down).Another good thing is interest only and 6-24 month loan terms- you can refinance by selling or refinancing to a long term DSCR rental property loan at any time once you complete the rehab.Once the property is ready you can sell it or if you want to keep the property as a long term investment, you can underwrite the loan based on your income /debt to income (DTI) ratios or you can go the DSCR route where the loan is underwritten based on the actual or market rents from the appraisal.DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.
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19 April 2024 | 15 replies
It depends, certain lenders and/or servicers will report the loan to a personal credit.
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20 April 2024 | 9 replies
Hello Patrick, there are a few things that need to be considered to turn this into active income such as length of average stay, hours you spend managing property and services you provide.
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19 April 2024 | 12 replies
was always a fun conversation from those days (note that this is only lawful if you are actually licensed and formally affiliate that license with the firm you work at, which requires approval from your employer).And then I noticed several REI pick-me-up deals (a 'pick me up' deal is where a big bank can't figure it out, and it falls in your lap two weeks into escrow, with two weeks until scheduled close of escrow) where I figured it out when my LO couldn't and/or without his input.