Goal: Restructure existing debt, keep payment around the same, pull cash out for reinvestment purposes (thereby increasing LTV).How: DSCR loan / portfolio loan. Open to other ideas here, too.Current Situation: I have...
I'm thinking about getting two 4plex or one 8unit, and want to discuss the pros and cons for each. Let's assume that the total ROI is the same. Two 4plex pros is the diverse location, risk is lower (if one location is...
I am very excited because my first investment property is set to close today! It is a cash purchase, total price of $29,850 (market value/comps 45K, my more conservative estimate is closer to 38-40K) for a 2/1 recentl...
I am looking for a contract where I offer to catch up and take over payments with the idea of renting out or fixing the propertyany Ideas?
Hard money lending seems to be popular in my area and every lender that does it just raves about it. I would like to know what the drawbacks are and things to look out for from the lenders perspective? Aside from ha...
I was all set to close today, but the bank waited til the 11th hour to tell me the comps were too old (2 years old) and there's no way they could take the loan. This was a small bank who is supposed to be innovativ...
Hello, I'm an out of state investor who just started building a portfolio of SFH rentals in Indianapolis. Got 2 properties under contract (in Carmel and Fishers (yay!), but one thing caught me by unpleasant surprise: ...
Out of the blue I am receiving messages about a company called Strongbrook and how great they are and that I should refer all of my clients to this great and ethical company. Seriously, that was the message. I have ...
I allow dogs in my rentals, but not breeds excluded in my insurance policy. Rotts, pitbulls, Dobermans. When I informed an applicant of these restrictions, she told me her dog was a pitbull, but a therapy dog, and s...
As I work towards my first STR I have spent some good time on researching the management side. I'm wondering if if anyone has had experience with Evolve? I had a 30 min conversation with them and they appear to be a...