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I am analyzing a multi-family property that I am considering investing in. The numbers appear to work out for what I want to do. The biggest red flag that I have had come up is the fact that the property was struck ...
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Please give me your thoughts on "resident score" vs "credit score". I have previously used credit score ( must be over 700) but now see that some verification services use the resident score without giving the actual ...
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Hi BP members,Need your advice. I am in the final phases of a feasibility period for a 12 unit multi-family Class C property. The appraiser from the bank asked me to send the Inspection Report (which I had gotten done...
A 700 credit score isn't as good as it used to be. And those worthless Online scores are generally a lot higher that Mortgage credit scores. New Mortgage Credit Scoring (un-official chart) 840 - 800 Extremely Good 7...
In the process of purchasing my first turnkey property out of state. Just got the home inspection report, and it sounds like a disaster. Water damage on the ceilings, wood rot, old HVAC, questionable roof, dead mice...
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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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So here's the scoop a four unit with rent at $425 for a total of $1700 a month, asking $124,000.( owner pays water)It took a couple of weeks to get the cash flow report. So after looking at it the numbers, I had some ...
Hey BP I have been putting in days and hours of research on credit repair and can not decide on which route to go or company to choose. Does anyone have any experience with this I have a great lease purchase deal I ca...
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Hello everyone I am in the process of funding a property. I would like to finance the property with an FHA loan and house hack while renting out rooms. I plan to live in the property for a year and fix up minor things...
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Tired of working "in" the business and would rather be working "on" the business?So are we!! Implementing Scale-able Systems is the first step for us. We are currently using Quickbooks and Excel spreadsheets, so any...