Param Patel
How much value would central heating and cooling add to an appraisal?
2 April 2024 | 5 replies
Of course, it requires financial resources, but it is an investment that will pay off in the long run.
Jaydon Vandersloot
First time House hacking
2 April 2024 | 4 replies
This is due to the fact that many lenders provide various loan programs with various periods, interest rates, and minimum down payment requirements.
Janani Rangaraj
First time investor
2 April 2024 | 9 replies
Unfortunately, due to market conditions, scarce inventory, and current interest rates, achieving a cash flow of a couple hundred per month for a long-term rental requires a downpayment of around 30%-35% if you're financing.
Sean Gribbons
Financing For Large Condo Conversion Project
1 April 2024 | 6 replies
Would they have to go with a non warrantable product or is there some sort of rule that allows it be a new condo building and waive some of the underwriting requirements?
Keeya WangJones
Owner-Occupied: Multiunit Property Management (Licenses??)
2 April 2024 | 4 replies
Broker Requirement: It seems like becoming a broker may be necessary to obtain a property management license.
Jorge Abreu
Finding Deals and Engaging with Developers 👊
2 April 2024 | 1 reply
Anything smaller than that would require a more hands-on approach.To succeed in this field, it is crucial to adopt a data-driven approach, maintain perseverance, and establish strong relationships with developers.
Nicholas Wever
Seller Financing to Traditional Financing Question
1 April 2024 | 1 reply
Assuming that a loan required 10% down, how do people come up with the 10% when going from seller financing to traditional financing?
Andrew Rellinger
Range Hood Options
1 April 2024 | 5 replies
While it's unlikely that all burners will be used simultaneously, I want to ensure proper ventilation in case tenants decide to cook large meals regularly.The standard rule suggests dividing the BTU by 100 to determine the required CFM for the vent hood.
Matyndia Oyourou
Costs related to short-term rentals vs long-term rentals
3 April 2024 | 15 replies
If you are looking to do this owner-occupied, conventional may work, but if you have issues qualifying, you can run the numbers as a non-owner-occupied property and pursue a DSCR loan.I am able to qualify for a conventional loan with a 5% down and an interest rate of around 7.5%.I would like to know how down payment requirements and interest rates for DSCR loans compare to conventional loans.
Talia Bollard
Looking to buy a second investment property
31 March 2024 | 5 replies
@Talia Bollard most subject to or seller financing deals are not deals at all, most of them require you to over pay in order to get the terms you want.