19 November 2021 | 0 replies
If so, whats your technique?
20 November 2021 | 0 replies
I then secured $250k equity investment, $80k in tax credits, and $670k in construction/perm debt to fund the project.
20 November 2021 | 2 replies
I am wondering if it is possible to purchase a duplex or triplex while on social security.
3 August 2022 | 5 replies
My risk tolerance is usually pretty decent, but given the stakes (of being unable to find alternative financing), I can’t seem to mentally let go of conventional lending options.The risks I anticipate are: 1) Credit score will drop with a lot of activity in a short time (though I don’t know how much), 2) The properties are pretty rural, so appraisals could be low or lenders may offer lower LTVs because of the rural classification, and 3) Sudden market shifts could make lenders skittish about vacation rentals, making it more difficult to secure non-conventional lending.My questions are: 1) How confident can I be that I will be able to secure a DSCR loan?
16 January 2022 | 5 replies
(Ended up eating about 6o days of no paid rent so really not that bad after the security deposit.)
23 November 2021 | 8 replies
If I need to send a certified letter with a lot of paperwrk,to a tenant who moved out an wont give new adress ,can they use a lawyer to receive these documents .It confirms the $ an invoice of cost deducted from security deposit ..Tenant wont give adress ..but will give a lawyers .Thanks It's in tn
21 November 2021 | 0 replies
That seems astronomical for me and I would be frustrated if I were in a tenants shoes (considering they are probably dealing with security etc on their new place).
22 November 2021 | 2 replies
Security fee?
23 November 2021 | 4 replies
Hey!So i've been on BP forum for some time now trying to figure out how to get in the game. A lot has changed and recently i left my corporate job where i was making over 6 figures to open my own production company th...
22 November 2021 | 2 replies
Nope, they sell all the mortgages as MBS (mortgage backed securities) they’d run out of money if they held on to them all.