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14 July 2024 | 13 replies
With my line of work not being around all the time I was curious of this since I would be able to manage lease agreements, advertising if needed, long term projects, rent collecting, and reporting.
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14 July 2024 | 5 replies
The original lease from the owner who owned it at the time it was installed had hand writing on it for payments that increased per 5 year term is what it looked like if I recall correctly.
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10 July 2024 | 11 replies
The downside is potential turnover that is not as inherent with longterm.
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14 July 2024 | 4 replies
Here are a few options and considerations:Commercial Loan or Portfolio Lender: Some commercial lenders or portfolio lenders may be more flexible in financing properties under an LLC, especially if the property will be used for commercial purposes like short-term rentals (Airbnb).
12 July 2024 | 1 reply
Portfolio lenders use more of a DSCR analysis to lending - meaning they are likely to lend to you as long as the investment can pay its debts - more so than a residential lender.
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15 July 2024 | 11 replies
IMHO in order to secure the best terms, you'll want to stick with W-2 for the purchase.
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12 July 2024 | 8 replies
LTV caps will range from 70-85%, although terms will probably be horrible at 85%.
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15 July 2024 | 4 replies
I think those rules have been in place for a long time.U need to be a broker/dealer and or i have seen RIA do this I think legally. but you do need some sort of license to raise money .. or you need to be principal or an employee
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12 July 2024 | 23 replies
I want cash flow, low to no long term maintanence (set it and forget it type), and the less risk the better.
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15 July 2024 | 2 replies
Hopefully, this provides perspective.Keep in mindThe Fed started hiking rates in March 2022, and only stopped tightening in July 2023, having lifted short-term interest rates by 525 basis points or 5.25%.Average 30-yr mortgage rates started moving aggressively upward a bit earlier (in January 2022) and only peaked (at just over 8%) in October 2023.