Ken Rishel
Largest RTO Company Shut Down in Wisconsin
21 February 2022 | 22 replies
In one example provided by KBRA, if it was determined that the purchase option attached to a property violated consumer protection laws, tenants would then stop making rental payments, which could cause significant shortages in the funds available to the note holder to make payments to the servicer.And if that happens, the funds that ultimately flow to the bondholder could dry up as well.KBRA does caution that rent-to-own and lease to own securitizations are in their extreme infancy, and said that it expects to see “significant diligence and disclosure” surrounding the deals’ inherent risks.
Rehan Uddin
First Time Home Buyer - Finally moving out of the sidelines
15 December 2022 | 9 replies
As for FHA, it is a little more stringent towards safety related issues and you must also pass something called self sufficiency (75% of the rents must cover the PITI payment) to be able to satisfy the lender to give you the loan.BUT If you can get properties to pass these criteria (most certainly can be done), it is an extremely lucrative and low cost way to get into your first property.
Benjamin Barredo
Website options
2 October 2016 | 8 replies
Extremely user friendly, great customer support and VERY inexpensive (in comparison to having a custom site designed/hosted)
Miguel Hernandez
Help with dealing with contractor
15 December 2022 | 8 replies
Right now contractors are extremely busy.
Abad Marroquin
28 Unit Apartment Under Contract and Need Help!
10 August 2017 | 19 replies
Well, maybe they ALL don't know each other but enough do so that reputations (good OR bad) get developed extremely quickly.
Kevin Bocanegra Jr
Lining up tenants before a multi-family property is ready
30 December 2017 | 1 reply
Your thoughts and advise is extremely appreciated!!!.
Kelly Bankes
Real Estate in the Future.....
8 March 2017 | 3 replies
If you take into account of renting an entire house on BnB it's pricing is hard to compete with a hotel room(s) in major destination areas.As for small houses, I looked at a couple projects and thought about a desig for the "micro house" and it is extremely difficult to get them to pencil from the construction perspective on a large scale.
Christopher Dunson
HML Offered me a $1 MILLION DOLLAR CREDIT LINE.
27 April 2017 | 13 replies
I was extremely surprised when she told me I should approve for the Million dollars, because I guess I wasn't expecting that much, and I have to admit the % million was slightly intimidating, but I am someone who takes advantage and makes the most out of opportunities no matter how much I have to step up my goals.
Yeng Lacanlale
BRRRR and Debt-to-Income
28 February 2017 | 6 replies
Before you've owned it long enough to appear on tax returns, an investor friendly lender will just do [ rent * 75% - PITI ].Once it appears on tax returns, if you need/want to exclude the one-time rehab expenses, put it on line 19 of schedule e with the comment "see statement X," and then statement X in extreme detail lists all the repair and rehab work you did, and furthermore you can provide me with every single receipt/invoice, exactly matching the line 19 number, exactly down to the penny (so, it's best just to make each invoice/receipt be a line-item on statement X... if Contractor John gives you 5 invoices throughout the project, show me 5 line-items).Only one-time repairs/rehab can be discounted from the mortgage DTI math.