Charles Granja
DSCR loan profitability (buy&hold)
Hello everyone,
I reached out to 4-5 lenders regarding DSCR loans and found it difficult to make a deal work, even in areas meeting 1% rule.
Here’s a recent scenario:
Purchase price: 244k duplex, good condition
...
Garrett Honea
"Rubs" Ratio Utility Billing system
We have been exploring new ways to increase revenue at our apartment complexes. 90% of our tenants are well below market value on rents. Obviously, we are looking at raising rents but we are also looking at "Rubs" R...
Rick Rapant
Advice On Condo and Co-op Note Purchasing
Got my hands on a couple of performing notes well seasoned and excellent pay histories for 2 condo units in Florida. Can anyone advise on what to look for before purchasing a performing note on a Condo or Co-op? I've ...
Hector Lewis
Real Estate Attorney
Hello,
I am in process of buying my first investment property. I heard that it may be advisable to get a real estate attorney. Do you agree with this? Also, what if I am buying the property out of state, would I n...
Gustavo Gonzalez
Rent Deposit Return
Good afternoon all:
I have a property that has been recently vacated by a tenant who has been in the property for 9 years. I purchased the property 4 years ago with a tenant in it (section 8). At the time of the h...
Thomas Johnson
Should seller file for a quit claim
Hi guys, I am attempting to get a property under contract to wholesale. The property has the seller and his niece on title. Both are in different states. The seller is ready to move forward with signing the contract, ...
Account Closed
Need an Insurance Company With Good Rates
We are looking to hire a new insurance company for 8-50 properties in all different states including Florida, Georgia, Illinois, Maryland, Massachusetts, North Carolina and Wisconsin. We have loans with B2R, Colony an...
John Simerson
Rent doesnt make mortgage in california, should i sell or hold?
Hi, im in San Diego California I have 2 properties one property that rents for $280 less than my mortgage and the other that rents for $800 less than my mortgage. Both have a pmi i could wash away probably in a year. ...
John H.
Commercial building on old gas station lot..avoid?
I'm looking at a small commercial building that sits on what used to be an old gas station. I'd like to bid on the property but I'm caution because of the old gas station. If contaminants were found years later, ...
Chris Gawlik
How should i formulate my offer ??
I have a 4 bedroom 2 bath home that i would like to make an offer on. It was a lead that i picked up from some mailers that i sent out quite a few months ago.
Here is the situation ill keep it as short as possible. ...