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Results (10,000+)
Maciej G. Tenant threatens to sue me for $20 000
15 September 2024 | 61 replies
Central AC sounds like the long term solution.
Marc Shin Property management for STR in Indianapolis
16 September 2024 | 6 replies
They handle a large portion of the management process but do leave some tasks like maintenance up to you.2. iTrip Vacations Indianapolis:iTrip offers a full-service solution, including dynamic pricing, guest communication, and property maintenance.
Jim Bouchard Tenant complaining of cockroaches just after moving in...we've NEVER had them!
13 September 2024 | 4 replies
They could have come in with the moving boxes, which is the most likely culprit, but they could have snuck in some other way.My lease says I will deliver the home pest-free and handle any pest treatment for the first two weeks in case we miss something.
AJ Wong How SMART investors are utilizing seller concessions for stronger dealmaking
16 September 2024 | 7 replies
Income, assets and credit to qualify, but lenders are providing many more creative solutions to get that loan funded. 
Jake McVey Romeoville IL Flip
13 September 2024 | 4 replies
Here we have an example of unspoken assumptions and changes in classifications and/or treatment of classifications.
Andrina Maximin Has anyone used a DSCR Loan, what are your experiences with loan product?
18 September 2024 | 15 replies
Below are some general notes on DSCR loans:* usually used for single family or 2-8 multi family unit properties (fits your scenario)* must be for investment, non owner occupied (if looking for a product for alternative qualifying solutions for owner occupied there are other products)* can close in a personal name or LLC* usually 80% LTV for a purchase (20% down payment) & usually 75-80% LTV for cash out refis* prepayment penalties vary and are optional, but the higher the prepayment penalty, the lower the rate / options typical range from no prepay all the way up to 5 year prepay and structures vary for how those penalties work (3 year is my most popular by far)* appraisal most likely required and paid out of pocket during transaction* can be used for long term, mid term, or short term rental properties * generally 1%+ is the desired DSCR ratio but you get better rates if the ratio is higher (usually rate breaks kick in at 1.15%+ or 1.25%+) and you can still get the loan done if ratio is lower than 1% but the rate will reflect that (DM me if you wand help learning how to calculate the ratio)* the average time to close is 21-30 days* fees vary lender to lender and product to product, but $1595 underwriting plus title fees is pretty standard* 700+ credit is preferred to get max LTV, but plenty of options if credit falls below that* a typical loan minimum is $75k (have limited options for $50k+) and typical loan maximum is $3-4m (have limited options for $4m+)* 3 months reserves usually required, having 6+ months will usually result in better loan terms, 0 reserves can still get the job done if you go with a program that allows you to use the cash flow as reserves* 30 year fixed, IO, and ARMS available
Jonathan Dempsey 10 Best Pocono PA HOAs to Look at for Short Term Rental
17 September 2024 | 14 replies
The co-hosting company grew from JD and his team's love of the short term rental industry, with a focus on being the solution to passive STR investing.
Jon L. Tech Entrepreneur and Real Estate Investor
14 September 2024 | 2 replies
We have an operational general contracting business here in Chicago, but we are slowly building technology solutions around it.Always looking to connect and talk shop around tech and real estate...would love to connect!
Jenni Utz How DSCR Loans Can Help You Invest in Real Estate
15 September 2024 | 1 reply
Whether you're a new investor or looking to scale your portfolio, qualifying for traditional loans can be a challenge—especially if your personal income doesn’t meet the strict requirements.That’s where Debt Service Coverage Ratio (DSCR) loans come in as a game-changing solution for real estate investors, providing an easier way to finance properties based on the property's cash flow rather than your personal income.What is a DSCR Loan in Real Estate Investing?
Josh Cocker Advice for Rookie RE: Seller waiving inspection
14 September 2024 | 9 replies
Pretty much all major components were newly installed / fitted and done to a tasteful standard (new metal roof, plumbing, electrical, kitchen, flooring, bathroom, doors, new hvac, decks, vinyl siding etc) and I have visited and walked through 3 times and even been under crawl space to inspect a repair that was previously noted on an inspection to the foundation after termite treatment which looked to be a good job.