
23 April 2024 | 2 replies
DOM = 80Median DOM = 69If you haven't hit this time yet, I wouldn't be too concerned with low traffic/no offers.In most transactions, home buyers/investors are represented by buyer's agents.

21 April 2024 | 1 reply
With such low inventory, Investors are hungry for properties and this ain't looking up, unless the rates come DOWN!

23 April 2024 | 3 replies
Spend 2 years at a brokerage and you should qualify without the extra expense.

23 April 2024 | 1 reply
Specifically, I'm in need of referrals for contractors experienced in handling the unique challenges of renovating low-income rental properties, including single-family homes and small apartment buildings.

23 April 2024 | 3 replies
"low balling" doesn't necessary meet those standards.The way that realtor's generally have to work is provide the seller the true and accurate comps (market value) as well as expressing to them that you could also buy it at a discount but buy it fast, no repairs, etc (all the other stuff wholesalers say/provide).
24 April 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.

23 April 2024 | 3 replies
They seem very expensive and I’m not sure they are a good fit for me.

23 April 2024 | 12 replies
If you have good credit 720 and above your rate should be around or under 7.75% with only 15% down.I have seen rates that high but last time I checked it was on a DSCR with low fico scores.

23 April 2024 | 16 replies
Cincinnati is a great market in Ohio and has a low cost barrier but Columbus is seeing even more job growth and appreciation.

23 April 2024 | 3 replies
Unfortunately if the previous owner also fights back during this process it could be very expensive (since a quiet action title is actually a lawsuit).