Allan Yeung
Zoning Conversion (Zoning Code G to Commercial )
6 January 2025 | 3 replies
I understand it varies from city to city.
Alex Patton
Refinance DSCR Advice
28 January 2025 | 12 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).
John Friendas
Maximum # of DSCR Loans Lenders Will Give?
22 January 2025 | 12 replies
The number of DSCR (Debt Service Coverage Ratio) loans a lender will offer can vary depending on the lender, your financial situation, and the property cash flow.
Amanda Bradley
1 yr lease ending 2/2/2025
7 January 2025 | 5 replies
The quality of available tenant varies drastically depending on the neighborhood.
Jose Mejia
refinancing a property from hard money lender
19 January 2025 | 15 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).
Paul Stewart
STR Life- Remitting and paying Taxes
16 January 2025 | 11 replies
We manage between 80 and 100 listings it varies winter to summer but the processing of manually Remitting and paying out the property taxes takes much longer than 10 min.
Al Boettger
Residential Assisted Living
28 January 2025 | 42 replies
Experiences will vary significantly based upon location.
Keira Hamilton
What I Learned from Owning and Selling a Laundromat – Exploring a Different Asset Cla
6 January 2025 | 31 replies
The cost to buy a laundromat can vary widely depending on the size, location, condition of the equipment, and goodwill.
Isaac Terry
Investing Out Of State - Starting
22 January 2025 | 20 replies
Quality and risk in Cleveland and Akron neighborhoods will vary widely.
Jason Dubon
Small Multifamily - Maintenance/Expense Project
5 January 2025 | 7 replies
It varies a lot and depends on the vintage of the property and your tenant base.