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28 January 2025 | 16 replies
If they do, you may have a chance under the scenario you're proposing - if they share your concern for it's condition (although that seems unlikely since they've been living with it the way it is for some time, it seems).If you own it, it's pretty lowbrow to expect a neighbor to invest in your property.
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3 February 2025 | 26 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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4 February 2025 | 2 replies
Many illegal immigrants have been in the country for many years and live with families or friends that may not need to vacate housing because other will stay.
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16 January 2025 | 6 replies
How much would you need to have in cash to cover expenses on your portfolio for 6 months.
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24 January 2025 | 0 replies
A successful rental property should offer positive cash flow, meaning your rental income should exceed your monthly expenses (mortgage, taxes, insurance, maintenance, etc.).To find the right tenants, ensure the property is priced competitively within the local rental market.
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21 January 2025 | 3 replies
I live here and I haven't seen more FSBO but I'm seeing a lot more wholesaling activity.
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4 February 2025 | 7 replies
Now the living room and 2 bedrooms that just had new flooring put in them 8 months ago are ruined from the leaking water from the HVAC and have to be replaced again.
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27 January 2025 | 2 replies
I live in the Las Vegas market and have investments and a real estate brokerage in Henderson.
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8 January 2025 | 11 replies
Quote from @Alecia Loveless: @Jonathan Bombaci I think a good lawyer that has passed the bar to practice in two states is going to be more expensive than $200,000.
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19 January 2025 | 1 reply
I would pull a FHA loan for $665,000 and live in one side and rent the other side out to a family member for $2,000 a month.