3 August 2022 | 5 replies
My risk tolerance is usually pretty decent, but given the stakes (of being unable to find alternative financing), I can’t seem to mentally let go of conventional lending options.The risks I anticipate are: 1) Credit score will drop with a lot of activity in a short time (though I don’t know how much), 2) The properties are pretty rural, so appraisals could be low or lenders may offer lower LTVs because of the rural classification, and 3) Sudden market shifts could make lenders skittish about vacation rentals, making it more difficult to secure non-conventional lending.My questions are: 1) How confident can I be that I will be able to secure a DSCR loan?
27 November 2021 | 2 replies
FYI, something to keep in mind... this is why low 6 figure mortgage underwriters, more or less, stay on the underwriting side, even if they're working 70 hours a week, with zero work-life balance, and having their souls sucked out.
22 November 2021 | 2 replies
I do not agree with there policies but it's how Airbnb works.
23 November 2021 | 10 replies
Had a house I sold on a land contract that the owner could not afford to do the repairs on so we put a Loyds of London policy on it until he made the repairs.
28 November 2021 | 10 replies
Be aware of the lender's policies with LTC and LTV though.
22 November 2021 | 2 replies
Escrow accounts are zero profit.
22 November 2021 | 1 reply
Real Estate is a very good investment in 2021, as it is the only investment you can quote the price and as per the trend in the past, present and in the future, real estate will be the one and only investment that you can blindly invest and wait for the returns.After a complete lockdown and economies trying to crawl back to normal, every government will also look into this sector as this is the only sector the money flow will help the people and the government to get back up quickly.India is a country where most of the millionaires became millionaires because their forefathers bought some property and that property appreciated immensely over time giving them manifold returns.There are lots of benefits to investing in Real estate not only in 2021 but in all the years.As we all know the Real Estate is something which we cannot produce or we can say it is a limited asset the earth give to us.If you want to invest in your Secure Future then Invest in Real Estate as it value is always increse.The best way to invest in real estate really depends on three things: your level of expertise in the area, your risk tolerance, and the amount of time you’re willing to give up as part of your investment.I for one have been very reluctant to learn about blockchain and the market luckily I have seen how it simply affected the stock market, take BTCS for example.
29 November 2021 | 36 replies
Here is a graph from the Fed:The horizontal black line is zero percent change in prices.
3 January 2022 | 16 replies
He is the most up to speed on current policy with COVID, etc.
22 November 2021 | 3 replies
When I finally got a hold of the company operating the laundry machines (after a few months of them coming by just to get the money and paying zero to us or the old owners), they sent me the a copy of the contract which (oh what a surprise) is an extremely predatory one.