30 August 2024 | 70 replies
It took me just over 3 years to go through a 5-year degree program while working full time.
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27 August 2024 | 5 replies
Hello everyone,I began my real estate investment journey in 2016 while pursuing dual degrees—an MBA and a Master's in Computer Science.
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28 August 2024 | 4 replies
@Michael L.Architect has to be licensed in that state as license requirement vary by state
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30 August 2024 | 6 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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27 August 2024 | 6 replies
Varies based on contractors, location, permitted vs. un-permitted.
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30 August 2024 | 15 replies
Lender requirements for Mid-Term Rental (MTR) income vary, with many asking for 1-2 years of tax returns to verify consistent rental income.
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30 August 2024 | 29 replies
Currently, many municipal ordinances do not clearly address STRs, and, as the trial court recognized, until they do, we “will make decisions based on the language of the ordinances in effect, even if the results vary from one municipality to the next.”"
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28 August 2024 | 14 replies
Military housing is at high occupancy on-post, making various home displacements more common off-post in hotels or short term rental homes.Small multi-family homes vary in neighborhood types, but the majority of them (but not all) are in a low to middle class area, raising the chances of getting unappreciative or undesirable tenants.As I mentioned earlier, I have no properties and only watch the market for now.
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27 August 2024 | 12 replies
Hi Jephte,The seasoning period can vary depending on the lender.
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29 August 2024 | 5 replies
Most people get stuck on terms, and terms will vary upon lender, credit score, experience, asset location.