Chris Baek
Debt Service Coverage Loans
23 April 2024 | 9 replies
But Generally, most lenders will want to see that the lease or market rent can support the mortgage payment, the borrower does not intent to live in the property, the borrower has 20% down + closing costs, 6 months reserves, and credit is above 620.
Christine Barker
Verify contractor insurance
23 April 2024 | 9 replies
It doesn't cost anything extra, laws may be different where you are.
Rollin Buffington
Transfer Soon-to-be Rental into LLC or keep? (LLC has multiple partners)
23 April 2024 | 0 replies
- we have a separate business bank account that we could receive payments from - we have tracked all renovation costs and expenses, though they were done personally and not through the business
Rollin Buffington
Transferring soon-to-be rental from personal to LLC?
23 April 2024 | 1 reply
- we have a separate business bank account that we could receive payments from - we have tracked all renovation costs and expenses, though they were done personally and not through the business
Joseph Harr
Are there any ways to create a low maintenance STR or MTR?
23 April 2024 | 14 replies
Saving money/cutting costs on those things will require much more wear/tear/maintenance/replacement, and cost so much more in the long run.
Bryce Jamison
Golf Carts at an STR?
23 April 2024 | 28 replies
Im sure it wouldn't be as cost effective as a golf cart.
Jude Zamor
Lending on VA homeloan
22 April 2024 | 1 reply
Is there anyone in the orlando area willing to lend on closing cost for a house hack?
Account Closed
House hack questions
24 April 2024 | 9 replies
You'll need money saved - for the DP, closing costs(sellers can pay) and reserves for things that come up.
Lara Gott
Starting on the REI road in 2024!
24 April 2024 | 13 replies
-your first tenant leaves when their lease is up and it costs a few thousand dollars to turn the property, and then you have to pay another full month rent in commission to find a new tenant.