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20 November 2024 | 31 replies
However, those few who are financially saavy and have integrity and grit IĀ believe will benefit from it until they are able to have enough experience to go off and do their own thing, charge less fees and be able to have more repeat business while keeping a much higher ROI themselves.And NO, i've never been in this program, been around much longer than he even thought of this revenue stream.Ā
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21 November 2024 | 305 replies
Other "products" (i.e. student apartments) that are farther away will always have betterĀ amenities than I will, however location seems to be the primary factor for the students.
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16 November 2024 | 6 replies
You may be able to factor in certain improvements to your personal residence so when you do move out, you can be eligible to depreciate it.
15 November 2024 | 4 replies
What are the most important factors that make a good deal?Ā
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13 November 2024 | 11 replies
Hi @Tanya Maslach,Hereās a visual workflow chart for managing your first MTR:Lead Vetting (Turbotenant): Screen and manage tenant applications.Acceptance & Move-In Prep (Hospitable): Assign cleaning tasks, manage reminders, and handle cleaner payments.Tenant Communication (Hospitable): Automate all tenant communications, such as move-in details and reminders.Rent Payment (Turbotenant): Track and manage rent payments with reminders.Hope this help's from one integrator to another š
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17 November 2024 | 6 replies
All of those factors will guide you on doing a buy down.
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13 November 2024 | 4 replies
You are looking for evidence of water and mold and assessing the structural integrity of the walls and support beams.2.
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17 November 2024 | 30 replies
Quote from @David Cherkowsky: Material Participation: Material participation is the key factor here.
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17 November 2024 | 8 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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19 November 2024 | 6 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).