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28 September 2024 | 2 replies
After the cash out refinance it can be transitioned into a rental property.
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22 September 2024 | 1 reply
Seems like something that should be easy to set up, but it seems way more conveluted than it needs to be.I added a user as a Rental Manager, but that only gives them access to the PM Module which literally is just backend stuff that's not that important to being able to message guests.
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18 September 2024 | 5 replies
I also want to build a simple website for the property.
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28 September 2024 | 5 replies
For most multifamily, I'm seeing on 30 year amortization to boot.Reminder for the lurkers that this has nothing to do with single family homes, 1-4 unit residential all gets residential mortgage financing, which isn't presently as good as commercial.Odd world where the 8-unit property has a payment that is less than twice as much as the fourplex, even though it pulls in twice the rents, and has less than twice the maintenance expense (the price of the fourplex is likely to be more than half the price of the 8-unit, and more than 1/5th the price of OP's 20-unit, holding constant location etc, but that's another rant for another day).
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28 September 2024 | 2 replies
We have a handful of properties in the cape coral area that we're trying to find cheaper insurance coverage for.
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30 September 2024 | 11 replies
-The properties are all in Arizona, and I am the capital partner while he is the operations partner.
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27 September 2024 | 10 replies
We just purchased a property through a whole seller, not closed yet, but seller has given us permission to start on rehab, but is wanting to occupy the property for 2 months.
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27 September 2024 | 6 replies
Hello,I have a client with an adult family home in Washington State, they are looking to do a cash out refinance.Here is the property info: $570,000 Appraised Value, $2829 Annual Insurance, $3,000 Market Rent, $4,200 Actual Rent, $5,175 Annual Taxes.Borrower has a 720 Fico, and owns 4 other properties, let me know if you can do this.Thanks
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27 September 2024 | 4 replies
Purchase price: $28,000 Cash invested: $25,000 Bought this property in the worse part of town and I have the best tenant in it of my 18 properties.
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27 September 2024 | 8 replies
Or the 3% down conventional has to be for the first time ever property?