All Forum Posts by: Subramanya Kudithipudi

Hi All,

We're looking into the possibility of purchasing a model house in York, PA, with a plan to rent it out. The builder is offering $4700/month, which covers a $800/month property cost. The rental contract is for 10 months initially, and then it becomes month-to-month. Our strategy is to buy and sell once the builder completes selling all the houses in the community.

The base price of the house they're selling is $420K, but the model house, with all upgrades, is priced at $450K. We're considering a 30% down payment for DSCR mortgage.

Do you think this is a good deal? Any suggestions or insights would be greatly appreciated.

Thanks,
Subramanya

We're looking into the possibility of purchasing a model house in York, PA, with a plan to rent it out. The builder is offering $4700/month, which covers a $800/month property cost. The rental contract is for 10 months initially, and then it becomes month-to-month. Our strategy is to buy and sell once the builder completes selling all the houses in the community.

The base price of the house they're selling is $420K, but the model house, with all upgrades, is priced at $450K. We're considering a 30% down payment for DSCR mortgage.

Do you think this is a good deal? Any suggestions or insights would be greatly appreciated.

Thanks, 
Subramanya

We recently used below agent, they should be able to assist you with decent cost.

BALTIMORE RENT COURT AGENTS
Landlord Court Filings & Representation

Web: www.BaltimoreRentCourtAgents.com

We're looking to purchase a new townhome in the Newark, DE area for rental purposes. Our group consists of three partners, and we've established an LLC for this venture. Our plan is to secure a loan with a 25% down payment. We're exploring loan options that would allow us to have the mortgage under the LLC's name, taking into account only one partner's credit history. While we're aware of the Debt Service Coverage Ratio (DSCR) as one option, since this is a new property and the closing is scheduled for the first quarter of 2024, we're interested in exploring all available alternatives

We're looking to purchase a new townhome in the Newark, DE area for rental purposes. Our group consists of three partners, and we've established an LLC for this venture. Our plan is to secure a loan with a 25% down payment. We're exploring loan options that would allow us to have the mortgage under the LLC's name, taking into account only one partner's credit history. While we're aware of the Debt Service Coverage Ratio (DSCR) as one option, since this is a new property and the closing is scheduled for the first quarter of 2024, we're interested in exploring all available alternatives.