Thank You If you have a loan on the property currently, most DSCR lenders can close after 90 days of ownership.

A fairly reliable wholesaler who buys across the country, and spends $100,000 a month on advertising, also trains people to be wholesalers.

We have 3 bed /2 bath condo that is modern with nice appliances.Besides putting it on Airbnb and letting bookings roll in, how can I reach out to promote this property? 

Hi Brian,You're on the right track, but to determine if you're truly generating cash flow, it's important to look beyond just your mortgage payment.Here's what to consider:Income: You're receiving $2,100 in rent, which is great.Expenses: Besides your $3,232 mortgage, you likely have other expenses like property taxes, insurance, maintenance, utilities (if you cover any), and potential vacancy costs.If your total rental income exceeds all of these combined costs, then you're generating positive cash flow.

However, I would suggest you calculate a 5-10 year pro forma on each property and calculate an overall IRR for each so you can compare and contrast based on your risk tolerance.

Seller agent disclosed today that the seller is filing for bankruptcy.I am already in escrow.Besides the checks that the title company will do, is there any additional steps I should take to make sure that this house is not subject to repossession by any creditors?

I'm a CPA and husband a financial planner so we're pretty focused and knowledgeable on the financial analysis and planning side. 

The title would be in my name only on closing, so I would 'own' the property, making it a refinance, not a purchase.

I was given the loan terms verbally from a DSCR loan broker out in California for a cash-out refinance on one of my rentals.

Received this message on VRBO.