Hi guys,Lenders have strict DSCR requirements. For instance coming in at a rate of 1.3 per year. I bring this up because during the initial years of building ownership, to improve long term cashflow a building owner ...
I was fortunate to find myself in a situation where we could turn our family home into a rental. The repairs are done and we just put it on the rental market through a PM. I'm thrilled! After paying Mortgage, Taxes, P...
BoxableA friend showed me this modular tiny house, which might get the gears turning for some of you (us!) that are interested in the diminutive denizens of the STR world. It features stackable rooms, has the kitchen...
Hello all! I'm a young, enthusiastic investor from the Flint Saginaw area of Michigan, and am in negotiations for an off market, turnkey 4-Plex about an hour from me. The owner, who is older and owns it outright, wa...
Where are people finding non-recourse loans to fund a buy and hold rental property with their Solo401k? I found 2 lenders who specialize in it but rates are almost at 7% I can get 4.5% from credit union and 5.75% from...
I have a close relationship with my investor (family member), but as I move in on a property I can sense it may fall through because of the pandemic. Just an hour before putting in an offer I was given the “let’s thin...
I'm planning to take out an FHA loan soon. I'm saving up for the down payment at the moment. But in addition to the down payment how much should I save up for other expenses such as emergencies that may come up?
Hi All,
I purchased a 2 family house that I am living in. I have 200k equity in the house, 450k purchase price and the tenant is covering all but about $600 per month in living costs including utilities. I wa...
I am looking to find a A licensed and Safe Act approved Residential Mortgage Loan Originator (RMLO) in the Tampa, Clearwater, St. Pete area. I am looking having them underwrite mortgages for me. I want to make sure th...
Hello Everyone,Wanted to make a post to connect with you all to ask a question about MTR’s. I currently have one Arbitrage STR property in Raleigh, North Carolina close to Downtown and it has performed very well. I am...