Dewayne Perry
What ratios to look at for loaning private money? LTV, LTC?
I'm wanting to get into PML. I understand the after repair LTV should be no more than 65-70%. But I'm more confused on the LTV prior to rehab. Let's say a property cost $300K and needs $150K for rehab so total cost $4...
Cole Britting
DTI and Renting by Room
I know lenders can use 75% of the expected rents for small multifamily when calculating rental income for the DTI, but can they do the same if you plan on renting by the room for a SFR?Also, how do lenders verify the ...
Jessica A. Smith
Know a lender?
Morning BP,
Background: Currently house shopping. Looking for a multi family to house hacking. Verified w/ lender we qualify for FHA. When I asked about using it for duplex or triplex was told needed 20% down. Also...
Frank Agyeman-Duah
No rent roll and no lease agreements
I have agreed with a seller on an offer price for a triplex which will be my first REI. According to the seller's agent, the first tenant has lived there for 16 years, second tenant 6 years and third tenant 6 months. ...
Alex Silang
First time flipper. How can one prevent a wholesaler from taking you to the cleaner?
I mean they have so much control. Get a bunch of people to tour the property together. ARV is very generous. Then understate costs. Seems like a tough situation.
Anish Arora
prospective rental candidate owned house in past
I have a prospective renter who says has has owned houses in past 7 years.So, he does not have a "landlord reference". How to deal with this situation because I can't check any landlord references!!
Vince Greenland
Help with due dilegence period for multi family complex
We just agreed on a price for a 96 unit class C complex. The complex is currently managed poorly with out of town owners and "suspect" management and maintenance personnel.
First, we own and manage 90 units ...
Ikenna Okoye
Tenant job history qualifications
Hi all,
Just wanted to ask what yall thought about tenants that have previous job history but will have to quit and find a new job when they move into one of your units from out of state. Is this a situation where yo...
Jeff Payne
Service Dog for current tenant and what to ask for legally
Hello everyone, one of my renters in a suburb of Phoenix, AZ asked me about 3 months(6 months into a 2 year lease) ago if they could get a dog(its agreed to by both parties no pets)and i said "sorry, no".. Then last ...
Adam Michael
Cozy.co Applicant Process & Apartment Showing
I know a lot has been mentioned on here regarding cozy.co but I have a very specific question and am still a bit curious as to how best to proceed.
I have two units, at two separate properties, that I will be listin...