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28 September 2023 | 28 replies
If the loan was kept in house, never to be resold they could possibly do what they want to if could could convince them of the value of the rents.The underwriter is likely going to think that if they had to foreclose on the property because of a pandemic or anti STR legislation they could only value the property per comps.
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5 August 2019 | 14 replies
As for the property management tasks, I use online forms to keep things systematized.
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20 March 2023 | 12 replies
Just as an example imagine hiring someone to do a lot of the day to day tasks.
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15 March 2021 | 120 replies
I received regular updates on the property rehab progress, as well as someone checking in on the various tasks that occur in the purchasing/financing process (I didn't realize how nice I had it until I tried purchasing another property through a different turnkey provider).
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20 May 2023 | 3 replies
Do one task at a time in each app so you can compare apples to apples.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.
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23 January 2024 | 15 replies
So you get what you pay for and a home inspector unless specifically tasked with commenting on their opinion of what is JUNK is just making sure the house is built to code and or their basic standards IE to the local building codes..
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6 April 2021 | 122 replies
I gave the address out so people could do this exercise themselves but after seeing that you yourself are incapable of this task, I thought I would make it easier for the group and set the record straight.
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11 April 2023 | 12 replies
@Vik John- thanks .....Lock now and move on your next tasks ...depending on the loan amt size , trying to time a dip in rates really isnt a big deal ...eg...150K loan at 6.375% has a Prin and int payment of $936 and for a 6.25% rate this drops to $624 ( 12 per month difference ) ..this rate is good for a 30 yr fixed rate rental loan ....what is the LTV and the loan fee/ points tied to this rate ?...
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14 November 2018 | 8 replies
Your time may be better suited doing tasks that generate more money(analyzing deals, networking etc).However, if you are still looking to do your own books, I would watch a couple youtube videos on how the software works and possible look for a chart of accounts that you feel are most relevant to your business.Flippers may require a different chart of accounts than that to a buy and hold investor.
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6 December 2022 | 9 replies
Macroeconomic forecasting is a notoriously complex task, and timing the market may not lead to the best outcomes.Instead of trying to predict interest rates, business cycles, or upcoming recessions, stay the course and continue to carry out your current investment strategy.