Michael Sheridan
Buying a property with tenants already there
21 September 2024 | 6 replies
Are there deposits on file?
Tim Melin
Thoughts on DSCR Loans
15 September 2024 | 38 replies
Now DSCR loans are loans that are looking primarily at the asset to pay for the liability of the mortgage.
Deja Fouts
Buying a package of houses?
28 September 2024 | 1 reply
Research the County Clerk / PVA office for LLC, and individual names that have a bunch of properties listed under their names good way to identify landlords w/ multiple properties.Just a couple of ways to find package deals. #2 is also a good way to find off market deals which is where you can save the most even if it's just buying a house direct from the owner w/o an agent.
Sam Tright
DSCR loans for wrap mortgages
21 September 2024 | 3 replies
You are at risk of the lender calling the note due.
Michael Belz
Question: Auction Purchase with Quitclaim Deed – Title Concerns
21 September 2024 | 3 replies
I'm wondering if outstanding mortgages, taxes, or violations carry over.The auction states that the title is free and clear of liens, but the contract only mentions a quitclaim deed without explicitly confirming a clear title.
Garrett Brown
Weekly Deal Deep Dive Using BiggerPockets STR Calculator
22 September 2024 | 1 reply
I like Gulf Shores because I am looking for high-appreciation markets that can still generate a minimum 15% cash-on-cash return (CoC).I scrolled through the Deal Finder to review some deals with my set parameters: 4+ bedrooms ✅3+ bathrooms ✅No condos ✅View (sort of) ✅My price range ✅This listing sparks my interest.
Samantha McCormick
Short term rentals utilities included?
21 September 2024 | 8 replies
In the contract, state that if usage exceeds 120% of the average, the guest will be responsible for the extra cost.
Joseph Belgrad
Liability if VRBO tenant injured on my property
22 September 2024 | 3 replies
She got a message a few days ago that said:"Also, not sure the last time you saw the property but the back deck has exposed nails on the boards - my husband stepped on one of them.
Stephen Branagan
Investing out of state - Pre approval process...
22 September 2024 | 5 replies
The advantage is that they will be able to provide other resources.
Yanick Anagho
What type pf references request from prospect tenants ?
22 September 2024 | 5 replies
Many landlords are as shady as some tenants!