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13 November 2024 | 23 replies
Thank you.When deciding whether to flip or hold an investment property, I look at a few key factors.
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12 November 2024 | 4 replies
All of these are factors in narrowing down your choice for starting.
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12 November 2024 | 5 replies
These factors typically indicate strong rental demand and potential for property value increases.
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13 November 2024 | 4 replies
A nice looking finished basement will go south real quick with moisture and your tenant will soon be displeased (rightfully so) about the nice basement they initially thought they had.See what the market is doing, but also consider what your specific property factors are.
14 November 2024 | 13 replies
Hi Peter,Deciding whether to pay cash or borrow for rental property repairs depends on several factors.
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21 November 2024 | 39 replies
Agreed there are so many factors to consider.
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13 November 2024 | 8 replies
There are multiple factors to consider, but from what I'm reading, you're better off doing STR if you're good with more turns.
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13 November 2024 | 8 replies
The following details matter when asking this question and you didn't provide them: Level of participationREPS or notType of property (short-term, long-term)Since you didn't provide them, it look Austin Cheatham answered the question assuming long-term, and didn't take the other factors into consideration.
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13 November 2024 | 17 replies
You'll need to consider DTI for any of those options, which is usually the limiting factor for people as they start to scale.
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13 November 2024 | 34 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).