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Results (10,000+)
Brian Lewis Ohio HELOC on investment property
11 January 2024 | 10 replies
Looking for a debt-service equity line or something specific? 
Dominick Persino Scenario analysis | Money down and income to hit DTI FHA conforming loan
11 January 2024 | 5 replies
Looking at a 4 unit in Cicero, Illinois.Property cost $270,000Total debt is about $1000/monthMortgage if min down payment FHA (3.5%) seems to be about $1700Total debt = $27004 units currently renting month to month.Unit 1 $850Unit 2 $850Unit 3 $750Commercial space $1000Taking the 3rd unit as primary resident.Leaves about $2000 in qualifying rental income (property is self sufficient) @ 75%.Total debt -$2700 - $2000 in qualifying rental income = $700 remaining debt coverage.In theory, less than 50% DTI would hit the target @ showing about $20,000 gross income per year?.....
Jack B. What are the risks of DSCR loans?
11 January 2024 | 8 replies
I can buy a 2-4 unit with 20% down vs conventional can only buy a 2-4 INVESTMENT property with 25% down 4. there are options where DSCR loans dont repot to personal credit, helps in not having to show a bunch of paperwork or not one person in a partnership has to carry the debt5. way less paperwork to close on this loan type vs a conventional loan. we care about the income of the property you're buying and it's ability to service the debt of the property whether we use long term rents income, lease income, or air dna/bnb income.6. easily buy in partnerships, add people to your operating agreement, its as easy as that so bring partners into a deal. helps with scaling and raising capital or getting partners involved7. gift funds allowed to close on these as well, and like I said earlier, there's only a 10day seasoning period of funds with some lenders so that means you can literally have a private money lender deposit money into your account 11 days before closing, and you can use those funds to close!
Victoria Lombardo Besides MLS and/or apartments.com where else do you find qualified tenants
12 January 2024 | 10 replies
On all my rental listings I put a large "For Rent" sign for additional exposure.
Andrew S. Removing smoke smell
12 January 2024 | 26 replies
Sherwin-Williams sells a scented additive you can put into the wall & ceiling paint.
Doug Davis Loan terms - what do I need to ask?
12 January 2024 | 8 replies
Traditional loan products typically offer lower interest rates but require qualification based on your Debt-to-Income (DTI) ratio.
Ronald Rohde NNN Industrial How to make money
10 January 2024 | 10 replies
Debt at 8%, true ten cap with no management.
Matthew Kalifeh Great cities for starting investors
13 January 2024 | 42 replies
In addition to Intel, other big companies like Google, Amazon and Facebook are also expanding their business here in Columbus.
Alex Ng MTR Business Tips
12 January 2024 | 6 replies
Reach out if you have any additional questions!
Elijah Therrien Oversize Garage or 2 Bedrooms? Overbook Student Rental Area
12 January 2024 | 3 replies
Everyday buyers want extra storage not addition bedrooms.