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I have an opportunity to purchase an off market 8 unit deal. I have spoken to two banks and they will only do 25% down and 1.35 DSCR (Debt Service Coverage Ratio). The bank will only lend up to $390k. The asking price...
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im guessing most investors dont lend for buy and hold, so is the only financing for a landlord just a normal bank mortgage ?
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Hey guys! I was wondering the pros and cons of using a HELOC to buy rentals. Personal experiences and how the terms were with your bank for the HELOC. I feel like its a good strategy and I'll most likely use a HELOC o...
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I have never seen so many scams with people lending money. It seems like every lender wants an upfront fee to cash in and never give you the loan. I had someone from Egypt use by card for playing online games. Shame o...
It would be my first investment property and I am working with little money. What would be the best way to go about financing my first rental property? What are general qualifications?
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I am looking for advice on either getting a cash out refi or line of credit on a SFR investment property that I own out right and have 1 year rental history. The house appraised for $65,000 last year and I am only loo...
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I'm shopping around for the lowest APR for a 30-fixed year 15%-20% down, investment property loan.I've shopped around quiet a few local credit unions and local banks (around Fayetteville and Raleigh) but wanted to see...
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While researching before investing. I found that the typical eviction time-frame in Chicago appears to be at least 3 months and up to 4 months. Well, those are the risks one must take and due diligence checking all r...
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Hi AllI am a STR expert but new in the long term rental game. My previous LTR were professionally managed and Im trying to do it myself this time.Questions: What kind of application do you have them fill out?What tena...
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I’m looking for a feedback and advice around process and tools used by owners and managers around applicant submission, tracking, analyzing and selecting. More specifically any info you can share around tools you use ...