Hi, I am a new investor and I'm contemplating buying a commercial property to hold. I've been using the general "50% of EGI" rule to analyze properties but I am curious what a "true" range is. I do have some questions...
For budgeting/pro forma purposes:As the buyer what should I expect to pay in closing costs in Columbus/Central, OH? General dollar amountsPercentages of XOtherThanks, Chris
Hello! New investor here 👋🏻 Is it standard practice for a lender to charge for a credit check? Currently being charged $40 for a "credit report payment authorization".
When developing a LIHTC tax credit property do investors buying the tax credits expect to buy at a discount? I'm assuming yes, if not I don't see the incentive in investing in tax credit properties.
If so, how much o...
Hello BP,
How does a landlord go about dinging a tenants credit report for non-payment of rent?
Thanks In Advance
OG
Short-term rentals have become a lucrative venture for many property owners, offering a flexible income stream. However, accessing traditional loans can be challenging, especially if personal credit history isn’t favo...
Hi, Im the middle of putting in an offer for an 18 unit building in Florida but I need a lender to finance the rest. I have the 20% down + closing for a $1.445M. Any suggestions will be greatly appreciated. Thanks
What if you have 20% down payment, 900+ credit score but can't get a loan because you are self employed and can't prove 2 years of income stability. Income over 6 figures per year. Recently laid off from BP and start...
I was just running a credit report on a possible tenant. After going through everything on the report I noticed a little note at the bottom of the page. It reads:
If a rental applicant is refused for any reason ba...
Is there a minimum credit score you need to have to cash out refi an investment property?