Jeff S.
Inner SE Portland, OR rental, parking or yard?
22 September 2019 | 4 replies
In the future we will add a surcharge for parking even if it is a token sum.
Alan DeRossett
change is consent we will adapt
21 July 2020 | 1 reply
Even Bernie Sanders has three homes so not so worried. will also look into the tokenization of new real estate assets without conventional mortgages from banks. the Renters will also all have bad credit so only interested in Debit scores now. positive payments like a score of 60 for 60 months' rent paid on time. my side hustles on StartEngine like @MSBAI have grown even during this pandemic so see multiple ways around any walls created by closing current loopholes.
Account Closed
Understanding the BRRRR strategy
10 August 2020 | 13 replies
@Christian Trieu The key "moving parts" in the equation are as follows: (1) the property will appreciate sufficiently after the rehab so that the second loan covers all expenses; (2) you can persuade a bank/appraiser that the appreciation merits a second loan of sufficient size; and (3) the rent you get from the rehabbed property is sufficient to cover the property expenses post-refinance.
John Michaels
Are you accepting "Unemployment" as income on Rental Application?
24 August 2020 | 5 replies
But if perhaps you had a co-applicant who had sufficient income to meet your criteria and this person just had additional income that happened to be from unemployment and they planned to go back to work soon, then I don’t see a problem with that.
Tommy Keay
FHA Loan or Hard Money Lender for First Investment?
22 May 2020 | 3 replies
One of them is on any FHA loan, if a 3 or 4 unit property, it has to meet the Self Sufficiency test.
Darryl Jennings
what comes first the Lender or the offer?
21 November 2019 | 10 replies
But you can't use these for properties with more than 4 units and you can't have more than 10 (unless you are married).if you are seeking commercial credit for more than 4 units or because you situation does not permit loans based on debt-to-income, a commercial lender will be able to tell you if you have sufficient assets and relevant experience for them to consider you for a commercial loan.
Matt Doerr
Investor structure options
16 December 2020 | 1 reply
If you have sufficient cashflow on your end then make interest payments and keep the performance risk of the investment in house to keep your funding less expensive.
Rich Chen
Sell the rental property to buy a house?
21 October 2020 | 31 replies
This is a rather interesting discussion.As a new Investor myself I totally agree that it would make a lot of sense to keep existing Rental property which is not only providing cash flow now but also building wealth, unless it has several deferred maintenance that you're trying to avoid.Based on the Op's disclosure it seems there isn't sufficient money for down payment, would there be even any for closing costs?
Steven Ciccone
Getting a loan out of state?
16 December 2020 | 21 replies
Gotta be able to close.One month of a full time w2 job might be sufficient for conventional terms.
Nick Wilkinson
Buying duplex at 100% LTV! Over-Leveraging or Good Deal?
3 August 2020 | 31 replies
If you have sufficient reserves to weather any storm, you should be good.