Huy Le
Appreciation vs Cashflow?
9 May 2021 | 4 replies
If you're financing the property with a ten year note amortized over 30 years, you could be forced to sell into a down market to cover your outstanding loan balance when the note comes due.
Yusuf Sarii
what is considered a high amount of cash sales in a market/city?
11 January 2023 | 4 replies
Even a nationwide history wouldn’t work since people could be buying more or less in cheap or expensive neighborhoods.
David Czech
Anyone concerned about being able to sell multi-family property?
14 January 2023 | 3 replies
There is a nationwide housing shortage with no end in sight, so multifamily will continue to sell just fine as long as they are priced correctly and vacancies continue to stay low.
Arthur R. van der Vant
5 best practices for screening tenants
14 January 2023 | 2 replies
These tips are rather generic, and you left out some crucial data points:Eviction Records Check - Most tenant screening tools will check nationwide county court records for eviction lawsuits (sometime referred to as "delinquent tenant" or other similar terms in court records).
Denise B.
Pittsburgh roofing recommendations?
21 June 2016 | 5 replies
I would recommend the work and the price was outstanding, but just a heads up he's not the most professional demeanor wise.
Jupshy Jasmin
Selling my Ft. Lauderdale property soon
11 January 2023 | 6 replies
So many great markets especially in FL, the team I am a part of is nation wide so I can get you the scoop inside markets across the U.S. as well.
Mark Minchew
Real Estate Professional from Austin, Texas
6 June 2016 | 2 replies
I was a recipient of the Hall of Fame award through the National Association of REALTORS (NAR) for my RPAC participation and was inducted into the Omega Tau Rho fraternity of NAR for "outstanding contribution to REALTOR education".
Adriana Balley
Rental Loans no income verification???
10 July 2022 | 10 replies
Rates for non traditional financing is typically higher by 2-3% on average than traditional financing due to multiple risk factors; If we take Nationwide Average 30 Year Fixed as a benchmark (example 5.5%) then non traditional rates would be in 7%-8.5% range depending on MANY factors like (we call these rate adjustments):✅ Your credit profile: The better your credit score the better terms you would get, typically 760+ will get you the best pricing options ✅ LTV % - how much you are looking to put down & how much to borrow; higher down payment -> less risk -> better rate✅ Purpose - Purchase/refinance/cash-out; rates on cash out are typically higher✅ Type of Property (single, multi, condo, condotel, coop, mobile home, manufactured etc) anything other than single family represents higher risk -> rate gest adjusted for higher (every investor would have their own add on)✅ Location of the property - some programs might not be available in specific states; rates can vary per state as well✅ Fixed vs Adjustable vs Interest Only ✅ Prepayment penalty period - the shorter the period the higher the rate✅ Vesting in the name of LLC or personal name✅ Citizenship status ( US versus Non US such as ITIN/Foreign)✅ DSCR: Debt Service Coverage Ratio means that future rents cover mortgage payment; If Ratio (Future rent/mortgage payment) is >1 - you are covered, you are good, but what if rents do not cover DSCR <1?
Sarah Buchanan
Screening Tenants: Gross vs Net Income?
14 January 2023 | 52 replies
You should also consider looking at their outstanding loan balance if any exist.I personally look at those as well when screening out tenants.
Karin Crompton
Business LOC - does a newbie have a chance?
21 November 2013 | 15 replies
Generally speaking, lenders want to see a clear path to repayment of the outstanding loan.Your partner's credit score certainly is high enough.