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15 February 2024 | 12 replies
In the future, its best to know you have an exit strategy that does not require selling or relying on alternative lenders.
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16 February 2024 | 20 replies
The following advice and techniques may be useful:Educate YourselfBuild Your NetworkDirect MarketingUtilize Online PlatformsDoor KnockingDevelop a Marketing FunnelBe PersistentEducate SellersNegotiation SkillsSeek GuidanceIt is important to keep in mind that successful wholesaling frequently requires perseverance, ongoing education, and strategy adaptation in response to personal experience.
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15 February 2024 | 43 replies
If the unit is under 500 sqft, meeting fire code, and a few other small requirements, it should be very easy to build these homes.
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15 February 2024 | 3 replies
I'm leaning towards hiring a skilled handyman who's cheaper than a roofer because it should be a simple patch job that shouldn't require too much specialized skill.
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15 February 2024 | 2 replies
Their database covers over 40,000 zip codes and 4,000 design and material options, providing detailed and reliable results that take into account the specificities of your project location and design choices.Omni Calculator offers a range of construction calculators for specific needs, such as concrete requirements for various parts of a construction project (slabs, blocks, columns, stairs, etc.), as well as calculators for other materials and project aspects.
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15 February 2024 | 2 replies
Another issue is that conventional refinancing has a long seasoning requirement - this can change if you choose to move out and do a DSCR refinance.
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15 February 2024 | 6 replies
I will say that LTV requirements and even strict qualifications for asset type, condition, age, etc. make it super tough unless the property LTV is below 50%.
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15 February 2024 | 7 replies
Go to your local court house and they should have a form for evicting tenants and they will be able to explain what are the requirements.
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15 February 2024 | 1 reply
I never got around to it because of some roadblocks:1) I was told if I add a 2nd level, I would exceed 1-4 multifamily loan and would require a commercial loan.
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15 February 2024 | 4 replies
You will find lenders out there who have different max leverage requirements 75-80% lt cash out depending on DSCR, seasoning, FICO, etc.