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11 June 2024 | 16 replies
as Update to this post from 6 years ago, there are heloc's on owner occupied 2-4 unit properties up to 89.90% CLTV or combined loan to values (meaning multiple loans but all together not exceeding 90% of the value).Terms typically areinterest only first 10 years and drawable from the lineyears 11-30 its Principal and interest payment Prime index/rate + margin (this portion is fixed but prime is not)underwriting is done assume prime + margin + 2% stress test for underwriting meaning if your prime + margin was 10% then your underwriting rate used to determine your maximum line you can qualify for would be 12% rate as an example based on principal and interest payment over 30 years or 360 monthsIncome is the main determinant of your qualification and fico min 680+ is just the min score to get through the "front door,"Maximum DTI or debt to income allowed is 45% DTIMaximum lines on this product go from 500-750k so you can get a decent line size that can actually buy other BRRR's or fix flips and deals.
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12 June 2024 | 27 replies
If you have 2 phones, FaceTime with outlet test device plugged into outlet with one FaceTime displaying the outlet test device works far better than the $hitty device that is supposed to Make this easy.
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13 June 2024 | 31 replies
I need to be able to update on the listing platform in real-time.I have tested Guesty, Owner-Rez, Uplisting, lodgify and Hospitable.I now use Hospitable and SWEAR by it.
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12 June 2024 | 10 replies
"Viable business model" is in the eye of the beholder.Mold can only be detected through a lab test.
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12 June 2024 | 47 replies
I do believe this system has never been tested from litigation.
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11 June 2024 | 9 replies
Test and refine your communication plan—it pays off!
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10 June 2024 | 5 replies
And after testing the chain and lever it is impossible to have the chain hook itself (and even if it it was a freak occurrence the first time.. doing it again three days later???).
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10 June 2024 | 11 replies
Let's say your current home has a conventional loan, FHA could be an option but you have to be aware of the self-sufficiency test requirements for anything over a duplex.
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10 June 2024 | 8 replies
VA I think most want the benefit of zero cash down so thats a bit of a draw back and the inspection is rare so approved for VA wont go through with funding due to lack of inspection.Again I have never bought a house at auction nor am I in the Military so this is just from my research but not tested.
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9 June 2024 | 4 replies
Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.