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23 December 2024 | 5 replies
Is anyone else willing to share the math-side property screening process?
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31 December 2024 | 0 replies
Purchased for $69,000, it needed a full rehab, including a new roof, plumbing, and modern updates inside and out.
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7 January 2025 | 13 replies
But for some, including myself when we bought in 2015, breaking even or even losing a little each month was okay in order to own a property in Hawaii that we could also use ourselves.- Does the condo have an existing STVR permit or will you need to apply for it?
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6 January 2025 | 5 replies
Sewer line backup, ordinance & law, and replacement cost coverage are coverages I include.
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29 December 2024 | 2 replies
On the RE side - I own/developed 2,000 residential units across the United States focusing on opportunistic residential acquisitions and development, including student housing conversions and luxury multifamily development.On the startup side - it is a third-party guarantor platform that expands your renter pool, increases rents and occupancy, and ultimately boosts your NOI while broadening affordable housing options for renters.
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31 December 2024 | 49 replies
Video is FREE today, so it's epic neglect of duty to not include one.
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15 December 2024 | 7 replies
Not saying that those are possibilities but understanding those potential outcome and doing what you can on the front end (screening + clear expectations) to avoid them.
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7 January 2025 | 27 replies
S8 standard voucher amounts INCLUDE all utilities.
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30 December 2024 | 2 replies
Hello, I have a primary residence and about $10k in bad debt (not including car note, student loans and a small medical bill).
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9 January 2025 | 9 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).