24 June 2024 | 3 replies
The 50% rule states that approximately 50% of EGI will typically be consumed by operating expenses.While the 50% rule provides a quick estimate, actual expenses can vary widely depending on the property type, location, age, condition, tenant mix, and market conditions.Here's an example: if a property generates $200,000 in EGI per year, the 50% rule suggests $100,000 would go towards operating expenses like taxes, insurance, utilities, and property management.
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24 June 2024 | 4 replies
Theoretically a DSCR HELOC and DSCR multi family purchase could be coordinated with little to now hard capital out of pocket to the client as most lenders allow down payment funds from cash out against other properties.The mortgage market is extremely healthy and well capitalized for the moment.
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25 June 2024 | 8 replies
Surprisingly they have all gone up a healthy percentage since I bought.
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23 June 2024 | 7 replies
I've seen some pretty healthy asking prices for land where all entitlements were obtained & approved.Also, I do understand that there's a cost paid to the geotech, architect & city prior to approvals.But...
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24 June 2024 | 20 replies
A growing population indicates a healthy real estate market with potential for appreciation.2) Waterfront Properties: Cape Coral is a waterfront community with over 400 miles of navigable canals.
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25 June 2024 | 16 replies
It’s expensive and time consuming to collect or foreclose—especially if you can adroitly throw wrenches in everything.Once you’ve done that you go negotiate.
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26 June 2024 | 33 replies
If it is, that is a healthy amount of income.Is she getting any social security?
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25 June 2024 | 24 replies
While the numbers check out great, it sucked, was stressful, consumed a giant pile of cash (cost about $15k more than we expected), and I asked myself about 38 times why the he!!
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23 June 2024 | 7 replies
I have MLO and am registered but Not currently active but I keep up on CE each year so I can activate if I need to.. the main issue for me as an independent is the NMLS mortgage call report is so darn time consuming and intrusive..
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23 June 2024 | 5 replies
It is essentially the same as a LTR lease with less time.I would say you provide starter supplies of consumables and cleaning only happens after they leave.