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16 September 2024 | 7 replies
For you, you likely have crossed the level of it being a trade or business.
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18 September 2024 | 47 replies
I don't know that she can legally put the LLC in her place for the deposit. 3: Typically for lawsuit purposes sending someone a notice via regular mail will not count as service.
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17 September 2024 | 10 replies
As long as you don’t count all the hours you work for free that you could have been earning money and learning.
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16 September 2024 | 6 replies
@Marc ShinRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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14 September 2024 | 4 replies
I ended up making an offer on a multifamily today -finance deal so fingers crossed that my offer is accepted and the full inspection goes smoothly.
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16 September 2024 | 8 replies
effectively, you'd either need to look for a lender that would let you use the other property as collateral (cross) so that you can avoid actually taking the cash-out (this is rare in terms of institutional DSCR lenders, but fairly common in the hard money or private money space)...
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16 September 2024 | 13 replies
Rate is reasonable at first glance but yes rates are moving down and should continue to shop, get quoted, can be major changes day over day10% Down DSCR doesn't exist and has never existed to my knowledge so I wouldn't count on that15% down does exist and is rare, however as others have noted, usually it doesn't actually work since the restrictions, such as a high DSCR ratio or LTR only rent qualification (and high rate environment) never let the numbers work however as rates continue to fall we may finally be able to see some 85% LTV DSCR Deals actually pencil again!
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14 September 2024 | 1 reply
Gave a higher LTV because we could cross collateralize against other propertiesEach deal is looked at differently when you are a smaller company and can work with a borrower as long as it works for both sides.
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14 September 2024 | 4 replies
I'm not familiar with the intricacies of section 8, but have you gone and done a walk through of the unit and cross referenced the lease agreement?
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13 September 2024 | 2 replies
Question for our lending experts…If I sell my investment property “Subject To”, is my current debt on the property counted towards my DTI until my loan is paid off in full?