Cristian Estremera
Multi Family Real Estate
21 March 2024 | 2 replies
@Cristian Estremera the initial difference is the financing options.1-4 family are eligible for FNMA, FHA and VA mortgages.5+ units require commercial/DSR loans.As number of units increase over 5, management changes.
Cody Scherle
I am BRAND NEW to Real Estate and looking for the best advice on how to get started.
21 March 2024 | 15 replies
Hi Cody, Continue to network with like minded individuals in your local area as well in the BP community.
Salvador Covarrubias
DSCR requiring painting
18 March 2024 | 7 replies
Check the appraisal if they noted it as "Deferred Maintenance" - most DSCR Lenders will require the property to be fully turnkey and either $0 or up to a very small amount, like $2k deferred maintenance noted
Alexander Virtue
Public Markets Data Providers - Recommendations?
20 March 2024 | 2 replies
Can anyone provide recommendations on searchable public records data providers that cater to individual investors?
Amanda Ferguson
Refinancing Investment Properties
21 March 2024 | 7 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
Alex Nameishi
Questions regarding cash out refi on my rental
22 March 2024 | 8 replies
The only problem I see with that is I would have to get a conventional loan on my next purchase that would require 20% which I’m trying to avoid.
Anne Jenkins
Has anyone done business with David Garnaco
20 March 2024 | 10 replies
I have done some private money lending in the past but with individuals not with a company that is doing a number of houses every month.
Sam Bhai
Former owner appeal in district court after confirmation of sale
21 March 2024 | 2 replies
Trial judge granted them stay with no bond required.
Megan Roop
1031 Strategies for Las Vegas Market
22 March 2024 | 12 replies
But they will require you to file an annual report.
Allen Berrebbi
Getaway.co Legitimate or not?
22 March 2024 | 21 replies
Couldn’t find reviews for them online, but he denied requiring any nda’s.