Hi everyone, just closed on my first property and now we are up to screening tenants. I have two sisters interested with a 545 credit score and a 485 credit score. Otherwise no red flags. Can anyone help with some ad...
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Hi everyone. I'm hoping you can help me find some good DSCR lenders and give me an idea of the going rates? I was quoted 9.75% for a DSCR on a rental property recently. Is that average? High? Low?! As I am shopping, w...
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Hi, i am trying to purchase my first STR. I thought i had found a lender but after running the numbers, was told i need a better credit score. has anyone ells had this problem or found a lender that will do 10% down w...
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I only own one property, but know that I would like to scale my buy and hold portfolio in the near future. How soon is too soon to use a rental property management software? I figured it will be useful to already have...
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I am looking for some guidance on managing security deposits, repairs, and return of the balance from a bookkeeping standpoint. This is the first time I am going through this and I want to make sure I am handling it ...
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Is it possible to get a conventional loan without proof of income and good credit?
As a new investor it will be hard to show income, but I have good credit. Rather than using private lenders or Hard Money Loan, coul...
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Does anyone else seem to have the same experience when applying with DCSR Lenders?Background: I am currently working with a lender in New Jersey who calls themselves BRRRloans, parent company Orbit Capital. I have to ...
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So I purchased a triplex in my name, do not have an LLC. Does it matter if I keep the rents in my personal accounts? Or should i open a separate checking and savings? I do I open a separate account and pay the bills a...
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So I have been talking with my wife about buying another property and we are not sure if we are ready. We are ready mentally but are we financially ready? I won’t be shy here about what we make and what we currently o...
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Is anyone using the software YNAB (You Need a Budget) to operate their rental business? We currently use Quickbooks, but it lacks the budgeting portion that I am finding more and more critical to mapping out our cashf...