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8 August 2018 | 110 replies
., properties that you can buy for no more than 100x monthly rent.
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16 May 2023 | 11 replies
DSCR lenders generally will only loan on properties with C4 ratings or better, and no more than a couple thousands of dollars of any deferred maintenance flaggedUniform Appraisal Dataset (UAD) Conditions Ratings and DefinitionsCondition Ratings and DefinitionsC1The improvements have been recently constructed and have not been previously occupied.
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29 September 2017 | 5 replies
.- area must be within 120% of national medium family income (found on USDA website)- rent plus utilities can be no more than 30% of tenants income- Rent is somewhat regulated for up to 20 years through loan covenants (even if you pay off early)- 5-10 yr loan terms with 15 year ammonization schedule, normally will finance if all payments made - rates between US Prime and no more than 4% higher than prime- will loan up to 90% LTV as well as construction loans (or both) with no pre payment penalties (Draws on Const loans).- 60-90 day closing time and higher closing costs than normal (estimate was 9-10k on 150k loan)- $500 application fee (however app ia reviewed before going to board and rejected before app fee is paid if officer feels it will not pass the board approval)- W2 income not needed. 3 yr taxes, business plan, 3 year business projections, weighted heavily on returns from property being purchased and its returns.
10 December 2019 | 3 replies
I stressed to the Ex he could not make no more than $2000.
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6 March 2019 | 13 replies
I'm looking to put no more than $20k down for a house up to $280k (less than 10% down).
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30 October 2012 | 5 replies
How to approach this problem has been rattling around in my mind for about 3 months now.I've been a small time landlord for about 28 years now, owning no more than 4 units (SFH or condo, currently own 2, no debt) at a time, always with little or no debt never with a partner.
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23 February 2008 | 6 replies
First, no more liens will be attached to the property.
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17 July 2018 | 12 replies
Even after I vowed to my husband no more houses in scary neighborhoods?
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23 October 2018 | 8 replies
I would accept having a couple of POHs but no more than I could get rid of in the first year of ownership.