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Hello, TLDR: Work-ready SFR for full rehab on owned property, purchased for $125k in August 2023, needing $160k for rehab (total costs $285k, ARV $420k). I am looking for a private lender to finance my rehab on an alr...
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Scenario: you have an applicant that is moving across the country and puts in an application to rent your house and you require 3x rent which is 85k a year. The applicant has a partner who brings in 45k and the applic...
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Hello everyone, I have recently started helping out a family member with their rental property and have found out that they have no screening process for tenants. This has obviously led to many issues in the past. I h...
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From HUD website:Federal Housing
Administration Increases Dollar Amount Threshold for Large Multifamily
Loans to Be Eligible for Standard Underwriting
Change facilitates greater flexibility for lenders when under...
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In order to show a unit I require that a prospective tenant has a monthly income of 3x rent. But that leaves more room for error for a single tenant than for a family of 4. would it be discrimination based on familia...
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Hey,
with the way that the market is going at the moment, Oil prices going up, the cost of living shooting through the roof, is it a good time to get involved in a personal loan, because the government may drop inter...
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Hey everyone! In your opinion, do you think multifamily transaction volume will increase in 2024?There is some discussion that rates will decrease in 2024. $1.9T worth of CRE loans are set to expire by the end of 2025...
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We are based in central Iowa and are considering a move out of area, at some point in time. At this point it is more of just an outside thought/longer term option, under consideration. However, we are active in reha...
I was talking with a friend and we discussed something that I havent really considered before.He claimed that he was underwater on his house because if we wanted to sell it he would only be able to sell it at market v...
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Potential tenant in question and this is my first time renting tenants in this area. It’s a Class B maybe B- neighborhood right across the river from a Class C town attracting opportunists that steal if you leave some...