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9 January 2025 | 15 replies
If the ARV has risen to $260k and you’re renting it out for $2900/month, you can likely qualify for a higher loan amount.Here are some key points to consider:Loan-to-Value (LTV): A typical DSCR refinance will allow you to borrow up to 75-80% of the property’s ARV, so for a $260k property, you might qualify for a loan of $195k to $208k, which could help pull out most or all of your original investment.Debt Service Coverage Ratio (DSCR): Since you're renting for $2900/month, the loan payment will need to be covered comfortably by that rent.
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27 December 2024 | 20 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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9 January 2025 | 12 replies
I suggest using a service like Mayistay.
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2 January 2025 | 2 replies
Outdoor storage, moving services, additional parking.
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31 December 2024 | 8 replies
This plan covers 24/7/365 troubleshooting services from Lula's experts (such as guidance on resetting a circuit breaker), tenant coordination for scheduling repairs, and access to a network of vetted professionals.Once you're subscribed to Lula, you can set aside a pre-approved amount for repairs, which can be used without needing to contact you as well.
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3 January 2025 | 26 replies
You can list off all the fees you want, but buyers don't believe the value and price of the service are in line with each other and would not pay it in a free market.
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9 January 2025 | 116 replies
You'll probably get better service approaching it that way than hiring a professional manager anyway.
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3 January 2025 | 5 replies
Depreciation begins when the property is placed in service (available for rent).
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6 January 2025 | 5 replies
Confirm with the solar company if the loan is transferable and review terms carefully—it’s a potential hurdle with lenders or resale.A DSCR (Debt Service Coverage Ratio) loan might be an option since you’re focused on rental income.