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3 August 2024 | 7 replies
You are comfortable with the risk associated with leveraged investments.
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2 August 2024 | 7 replies
Ideally, the tool would help me effectively track:Income generated by each propertyAll associated expenses for each property (e.g., mortgage payments, repairs,maintenance)I'd appreciate any insights you have on reliable and user-friendly tools that meet these needs.
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1 August 2024 | 10 replies
Tons of great info and people here.Lake County Property Investors Association has a meetup in Gurnee.
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2 August 2024 | 2 replies
This figure includes the construction of the building but excludes land acquisition, permits, and other associated costs.Cost per Door (Unit)The cost per door, or per unit, in affordable housing projects can also vary widely based on the specifics of the project.Average Cost per Unit: Recent affordable apartment buildings built using public funds, such as Metro housing bond dollars, have cost between $412,000 and $522,000 per unit.
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5 August 2024 | 30 replies
I had to take 30 minutes out of my day to describe how their filter was filtering out all phone numbers associated with a contact if one of the phone numbers in the contact was DNC.
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4 August 2024 | 30 replies
@Rami LatifVery unlikely, the lienholder will refinance before the foreclosure,what will happen is it will sell at auction and hopefully will sell for more than what the first is owed plus what you’re also owed.anything over the 600,000 will go to you unless there are other taxes or penalties associated with the property .Good luck
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1 August 2024 | 2 replies
Its simply a cost of doing business and paying the fee's associated with the risk.
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9 August 2024 | 184 replies
@Alan Asriants Another sort associated aspect is need to continue to educate the consumers on the broker splits.
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1 August 2024 | 2 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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1 August 2024 | 8 replies
Good morning Eric,I have an associate who represents buyers and sellers in the Venice and Sarasota area.