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13 December 2024 | 5 replies
Certain expenses are all lumped together for the sake of the P&L like insurance and taxes and others like repairs and maintenance can be viewed collectively or by individual property.
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7 December 2024 | 7 replies
It would be $1.1m, and according to AirDNA it would run -$40k/yr as an STR, and while local rent rates are high it would still run about -$2500k/m.It is such a cool and unique property I hate to let it go and would love to find a creative use for it that could at least carry itself (approx $6k/m+).
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8 December 2024 | 4 replies
I believe CA market in general is expected to increase by 4-5% but SF is unique.
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12 December 2024 | 7 replies
Have you tried contacting the main office or different individuals in the company?
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11 December 2024 | 2 replies
In this situation, can all the partners claim mortgage payment as expense in their individual taxes (or just the partner who owns the mortgage)?
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9 December 2024 | 12 replies
People follow those who have unique takes and are original.
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11 December 2024 | 34 replies
Maybe my experience is unique- maybe not.
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17 December 2024 | 14 replies
When they get that commission check That's the benefit of working within a group that is QB'd by a single individual cause any new member gets the benefits already mined by the group.Financing Options: What types of loans or funding sources work best when scaling quickly?
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15 December 2024 | 7 replies
Gray area interpretation up to individual courts which have rendered seemingly contradictory decisions.
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15 December 2024 | 14 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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.