Yusuke Koike
Broken pipes cause tenant not to stay in the property
7 May 2024 | 20 replies
Have you tried one those 'home restoration companies' ?
Devin Callon
Checkbook IRA cash management
5 May 2024 | 8 replies
If I open the Stessa account and the linked high yield Cash Management Account in the name of my checkbook LLC does anyone see a problem with this set up if I left a good portion of the rental income to sit in that high yield account?
Marc Delgado
Outsourcing Accounting/Bookkeeping duties
7 May 2024 | 16 replies
However, we don't know the names of any of these firms or companies, and before we delve into this we would like to gain some feedback or personal recommendations from those who have.
Jay Lam
Property Management Agreement
7 May 2024 | 7 replies
Hello,I am signing an agreement with a property management company for my rental.
Gillian Thackray
Agent referral for leasing
6 May 2024 | 8 replies
That is a lot units to manage on your own though so if you want an all-in-one, you just have to set the expectations, but most property management companies will not live up to it in the Northeast.
Matt Randall
Question about investing with a DSCR Loan
6 May 2024 | 9 replies
Underwriting items for DSCR loans include appraisal, credit report, liquidity verification, borrowing entity documents, landlord insurance verification, and whereapplicable lease, verification of rent and security deposit receipt, and property management agreement.DSCR lenders should never ask you for tax returns, W-2 income, pay stubs, or company financial statements.A good DSCR lender can fund your DSCR loan in under 30 days.Pro Number 2: Loan StructureDSCR loans are generally structured as thirty year term, fixed rate and fully amortizing, with LTV up to 80%.To increase cash flow and boost DSCR to qualify for a higher LTV, you can even structure with a five or ten year interest-only period where principal payments are made over the remaining portion of the 30 year term.Most DSCR lenders can fund your loan with DSCR as low as 1.0, though 1.1 is where you will find the best terms.A few DSCR lenders specialize in no and low seasoning cash out refi for rental property investors who use the BRRR strategy.Compare this to traditional banks which generally offer lower LTV, shorter term, higher DSCR requirement, and 6 months of seasoning.Pro Number 3: ReliabilityDSCR loans are a growing component of the multi trillion dollar institutional credit market.While DSCR loan origination volume is growing fast, it struggles to satisfy the demand from institutional investors such as insurance companies, pension funds and credit funds that buy DSCR loans.For this reason, as long as DSCR loan program guidelines for subject property and borrower are met, there is a very high probability that your loan will be fundedwithout delay.Compare this to banks which may subject you to months of underwriting before ultimately rejecting your loan application for reasons unrelated to your application.Con Number 1: Strict GuidelinesThe largest and healthiest part of the DSCR loan industry is 1 to 4 unit residential investment properties in non rural markets where the As Is value and the purchase price is one hundred thousand dollars or higher, and the guarantor's credit score is 680 or higher.If an element of your transaction does not fall within program guidelines, your loan will either be declined or require an exception which can cause delay.DSCR loan program guidelines are constantly evolving to adapt to the demands of borrowers and institutional investors, and to respond to market and risk.A good DSCR lender will knowledgeably and transparently communicate program guidelines, proactively communicate to identify potential issues, and set expectations in a clear and thoughtful manner.Con Number 2: ShenanigansThe DSCR loan industry is fast growing and loosely regulated, attracting loan brokers, private lenders and salesmen who are not knowledgable about program guidelines, not expert in structuring your loan to meet your specific goals, not capable of closing your loan in a timely manner, and not truthful or transparent about loan terms.Con Number 3: Higher interest ratesGiven the demand for DSCR loans from institutional credit investors, the credit spread or risk premium has decreased, making DSCR loan interest rates from the most competitive DSCR lenders nearly the same as bank loans and conventional investment property loans.We should include an asterisk on this con because it is not always true and may not be true in the future.
Michael Lee Gundersen
Looking for a property management company in San Antonio!
3 May 2024 | 14 replies
I am working full-time and expect to have a property management company handle the property, but want to set expectations for them based on what I've learned through my studies.
Jason Staine
Digital marketing help
5 May 2024 | 19 replies
Did you set it up yourself - or hire someone to do it?
Monica M.
$80k per month profit?!
7 May 2024 | 5 replies
She mentioned at 38:38 timemark in the video.she mentioned that one of the units had a year commitment with a payment of $44k (I guess it is company paying for one of their employee tenants)How realistic is to make $80k / mo profit with this kind of capital?
Md Mezbah Uddin
New Investor Eyes Dallas Rentals!
7 May 2024 | 3 replies
Still lots of people and companies moving here.