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17 December 2024 | 1 reply
Panicking sellers may temporarily drive prices lower, but stabilization is expected.
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16 December 2024 | 3 replies
There are a lot of factors that go into the decision.
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16 December 2024 | 4 replies
Those factors are more critical in a fix-and-flip scenario where you’re focused on resale to an end buyer.
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22 December 2024 | 23 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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16 December 2024 | 21 replies
I drive 6 hours to get to Coeur d'Alene then another hour downlake to our house.
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15 December 2024 | 12 replies
If you could get some interest by someone that does that, it might help you drive the price up and/or get a quicker sale too.Those are some suggestions for getting value or maybe a quicker sale.
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18 December 2024 | 3 replies
You'd be surprised, sometimes there are buyers who just want to own a piece of land, even if it's not the most desirable and of course price is a factor.
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18 December 2024 | 13 replies
Stop with the guru sites, the videos, all that nonsense is pure crap designed to drive the lazy into highly risky investments or investment schemes that will surely see you make a little or lose a lot.
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20 December 2024 | 9 replies
Without factoring in tax benefits and principal pay down, you're $1800 ahead of the game by house hacking.
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17 December 2024 | 13 replies
Learn to drive a skidsteer and use a chainsaw.