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25 July 2024 | 3 replies
After doing the program for couple of deals, I find out it is almost impossible to make profit on doing Flip with their system, since they are providing these stuff:1.Sourcing clients with deals on Zillow, that is anybody can do that, you can't buy a property with very low prices2.Asking un-credited investors to borrow Hard Money Loan, I don't really think anyone don't have much experience should borrow Hard Money Loan, with balloon loan mechanism, it is basically teaching new-bees to suicide.!
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25 July 2024 | 1 reply
The most followed path is to save enough for down payment and reserves then get a loan.
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25 July 2024 | 1 reply
As I get into short-term rentals, I’m curious: What should I look for when picking a location?
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24 July 2024 | 11 replies
Doing this allows you a couple of added benefits, such as being able to put less down on new mortgages if you go with a bank loan as it will be your primary residence.
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20 July 2024 | 11 replies
I am looking for refinance short term rental.
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25 July 2024 | 1 reply
At this time, the types of properties that I'm interested in pursuing are primarily multi-unit rentals and short term AirBnB properties.
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20 July 2024 | 11 replies
Best, Justin Hi Justin , you can use a DSCR loan no problem for a midterm rental short term, or even long term - as long as the debt service is one to one you’re good to go.
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25 July 2024 | 2 replies
Well, history shows what happened both in terms of marginal tenants ultimately getting hurt (as did many landlords) and the Supreme Court ruling the Eviction Moratorium as unconstitutional.I see the whole idea of rent control, which is just another form of government invasion for political hopes, being bad for everyone.
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25 July 2024 | 1 reply
I ended up giving him some seller concessions (Which I ended up raising the price to make up the difference), he bought with a conventional loan, and overall was a smooth transaction.
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22 July 2024 | 8 replies
Hi,I'm new to financing and we received a 100 page file for our final DSCR loan process to sign with a notary.Should I review these with a lawyer to make sure we're not missing something we aren't aware of?