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26 July 2024 | 13 replies
Long-term goals, networking, and a solid financial plan are essential.Good luck!
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25 July 2024 | 2 replies
Well, history shows what happened both in terms of marginal tenants ultimately getting hurt (as did many landlords) and the Supreme Court ruling the Eviction Moratorium as unconstitutional.I see the whole idea of rent control, which is just another form of government invasion for political hopes, being bad for everyone.
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25 July 2024 | 1 reply
I ended up giving him some seller concessions (Which I ended up raising the price to make up the difference), he bought with a conventional loan, and overall was a smooth transaction.
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22 July 2024 | 22 replies
The private investors form an LLC and get standard loan terms in a promissory note without equity or profit sharing.
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20 July 2024 | 11 replies
I am looking for refinance short term rental.
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22 July 2024 | 8 replies
Hi,I'm new to financing and we received a 100 page file for our final DSCR loan process to sign with a notary.Should I review these with a lawyer to make sure we're not missing something we aren't aware of?
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22 July 2024 | 4 replies
I'm looking to find a lender who can work with me regarding an FHA loan so that I can, ideally, only put 3.5% down.
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20 July 2024 | 11 replies
Best, Justin Hi Justin , you can use a DSCR loan no problem for a midterm rental short term, or even long term - as long as the debt service is one to one you’re good to go.
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24 July 2024 | 9 replies
I'm a loan officer and the majority of my business is VA.
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25 July 2024 | 3 replies
made an offer on a property only to find out later that one of the units was going through an eviction.tried to extend our inspection contingency to no avail to buy us some timeended up not being able to come to terms on how to proceed with sellerthe last HOUR of our inspection contingency the seller offers to try and buy out (cash for keys) the tenant the next day (he had a property manager handling the eviction and wasn't even aware of it initially).i get a (risky) oral agreement that even though the contingency window had passed, if the plan falls through my client will still get their EMD back the next day the seller ends up buying out the tenant for a bit over $3,000 and now we can move forward with the deal without the headache of a problem teanant/ picking up an eviction.