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9 September 2024 | 46 replies
And what I find out is there is no context to them folks dont take the time to explain what they want.. also on the form i get from BP it cuts off the e mail address if its a long one so I cant even e mail them back..
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18 September 2024 | 7 replies
The PoA designates our company as AIF.Now, it's possible that back during the original closing we had the borrower sign TWO PoAs: One designating our company, the other designating an individual representing the company.Our original PoA was prepared in consultation with an attorney, but that was done well over a decade ago!
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14 September 2024 | 9 replies
Have done DSCR calculation but will do one for more info.
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17 September 2024 | 4 replies
I want to either build a spreadsheet or download/buy one that allows me to review what things such as Projected AAR, Projected Avg CoC, Exit IRR, etc, actually mean to the bottom-line.
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14 September 2024 | 8 replies
It's okay if it takes some time to close.You can make your due diligence period shorter.
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16 September 2024 | 2 replies
We currently have one rental property and looking at building a primary home.
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17 September 2024 | 2 replies
That severely limited the number of lenders I could go to, so I ended up finding a loan product (that costs a premium, albeit) thru Velocity Capital Mortgage that allows fully-amortizing or IO payments (for first 10 years) which will help me build cash flow and accrue title seasoning while I find the right time to pull the trigger on a fully-amortizing DSCR product Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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16 September 2024 | 3 replies
They end up wasting time showing property that their client won't have a chance of getting, and waste time writing up offers that won't get considered, and their buyer clients get their hopes up and then dashed.Consider pricing your listing at the middle, or slightly lower than middle, of what you think it should sell for....instead of pricing it drastically below what you think it will sell for.The market can change overnight sometimes.
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14 September 2024 | 8 replies
First time poster with a 100% LTV deal below a lender's cost of funds for a Fannie/Freddie deal.
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13 September 2024 | 24 replies
Really only one piece so far that’s stood out.