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23 October 2024 | 4 replies
You can use conventional financing, up to a fourplex, and if you live in one unit you may reduce some of the property tax for the space you live in as it is your primary residence and you can also buy with very little down as opposed to buying it strictly as an investment property.Duplexes are a great option and you generally also always have at least one paying tenant and can be bought similarly.
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24 October 2024 | 6 replies
After going this route, and further analyzing the property that I was looking at, with the higher interest rate, HOA fees, non-investor-friendly co-op rental policies, I walked away.
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22 October 2024 | 7 replies
Assuming your corp received a title policy when it acquired the property, you could go back to the attorney or title agent that handled that closing and ask them 1. can they prepare the deed; 2. can they issue an endorsement to the policy changing the name of the insured to you as the Grantee.
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22 October 2024 | 0 replies
-> We reject 95% of the deals we analyze -> Most don't meet our strict criteria-> for safety and returns.If you've been considering diversifying into real estate but aren't sure where to start, let's connect.
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24 October 2024 | 36 replies
I don't know if Evolve advises on that but make sure you have the correct STR policy.
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24 October 2024 | 19 replies
It’s common to hit some hurdles with traditional lenders, especially when LTV requirements are strict or when cash flow doesn’t align with standard underwriting practices.If you're looking to refinance quickly and pull out cash, private lenders might be more flexible with both LTV and the cash-out process.
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24 October 2024 | 16 replies
Some insurance carriers will have different policies that do not cover contents since the contents are mostly the renters, speak with your insurance agent about coverage options.There are 15% down DSCR financing options.
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24 October 2024 | 11 replies
One particular lender and when I say Lender, I’m talking about the individual loan officer that we have worked with in the past had a number of his Lending policies changed so we had to start using someone else when he did not have a product that fit .I realize that a number of the replies have come from lenders themselves so they’re looking for faithful customers.
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21 October 2024 | 13 replies
Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.
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25 October 2024 | 22 replies
fair return methodology used must be “concerned with the financial integrity of the businessas a whole, not the ability to obtain a return on a discrete portion of the business.”MNOI presumes that the rents Landlords chose to charge, in a year free fromthe idea of rent control, provided Landlords a fair return on their investment,as the rents that were charged were based on general market conditions, andnot the upward pressure that policy discussions of rent control may have onthe market.