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29 November 2024 | 10 replies
I have talk to 4 insurance brokers, and directly to many companies such as allstate, steadily, safeco, liberty, american summit, american family, and a few other, but am basically out of options.
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3 December 2024 | 7 replies
Basically questions that the PM/co-host need to be able to answer without having to do any deep-dive analysis.Property-specific questions such as property improvement advice, revenue potential, etc. that involve deep-dive analysis might justifiably incur an up-front cost depending on the PM/co-hosts business model.
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30 November 2024 | 4 replies
Are there any books or resources you can recommend to get me started with the basics?
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2 December 2024 | 1 reply
A basic breakdown is this: If you're in Flood Zone AE-9, it means the Base Flood Elevation for that home is determined to be 9 feet.
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25 November 2024 | 11 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
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21 November 2024 | 0 replies
Here’s a quick guide to help you choose between Basic and Comprehensive Coverage and understand your options for Cash Value vs.
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1 December 2024 | 6 replies
Basically insurance companies looking to relocate people who had to insurance claims on their property and need a temporal housing.I’m curiouse to learn more on how to tap into this market and rent my properties to insurance companies .thank you !
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1 December 2024 | 91 replies
carlos basically right————3words
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30 November 2024 | 3 replies
This is a basic application which gathers all the essentials.
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28 November 2024 | 18 replies
I could send you a handful of articles that would give you the basics and you'd be fine.I have 14-doors in Detroit and 3 of them I've placed S8 tenants in.