Tyrell Proby
Oh, you sent in an Application for a DSCR Loan?? This is what Lenders will look at!
Here are some key factors that most Lenders consider when evaluating a DSCR Loan Application:
Property Income: Your rental property should generate enough income to cover all the expenses, including the loan payment....
Kevin Gallagher
Tax sheltered annuity for down payment
I’m new to investing. My parents want to move here but can’t move until they sell their house. We thought this would be a good time to start investing. My parents are willing to rent from us until they find a place...
Bruce Larison
FIRST FLIP FOR A "NEWBEE"
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $105,000
Cash invested: $25,000
Sale price: $179,000
3 bedroom/2.5 bath, new kitchen, tile kitchen, entryway, b...
Mike M.
Strategies for Maximizing Rent with a M2M lease?
For those with month-to-month leases, do you find that in your rentals with middle class tenants that the M2M is deemed a liability by your potential tenant pool? Does the M2M lease structure keep you from maximizing...
Jeffrey Ascough
Funding for small commerical unit
I'm having a very difficult time securing long term funding for a small (1,250 sq ft) commercial unit in NJ. The unit is currently rented at $1,950 and I am purchasing for $187,900. Curious if anyone has any advice a...
David Ordonez
Buying a duplex or triplex with FHA
What are some of the consequences if I buy a duplex with FHA loan or conventional and decide to rent it immediately after I close on the deal?
Account Closed
No money down using HELOC & mortgage, but tiny cash flow?
Howdy! Still trying to figure out if this is a deal or we should walk away...Home is duplex in good shape, on the next street over from our home, and currently has renters.Buy price is 280K, appraised at 285K. We have...
Sarah Hunt
Investing in a flip house
We have found an off market property that needs minimal repairs. There is potential to make $30-40k on this flip. Would you suggest buying this with cash, doing the repairs, and then relisting on the MLS OR should we ...
Gigi Ochoa
Should I Install Sprinklers?
We recently closed on our first rental property. Someone recommended that we install sprinklers because none of their tenants ever water the lawn, even though yard maintenance is part of their responsibility. Our re...
Mike Marzolo
my experience with Land Contract
Investment Info:
Other commercial investment investment in Washingtn Twp.
Purchase price: $140,000
Sale price: $222,000
Terms: 10 year Land Contract. 6% interest only payments on balance. Balloon ...