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Results (10,000+)
Luis Herna Help With Loi As Wholesaler - Commercial Deal
23 January 2025 | 4 replies
I think that is more of a question for your attorney and the answer will likely vary by state.
Treza Edwards New Construction Rental Property
13 January 2025 | 6 replies
Most lenders will vary how aggressive they will get based on the experience of the operator (you), but I don't know any that will lender to someone who's never done a spec build like you're contemplating.
Adonis Williams Inquiry: Mortgage Interest Rate with Point Buy Down
14 January 2025 | 6 replies
I'd be happy to share my experiences from both perspectives.
Pierre Tran Advice Needed: Options to Cash Out My Equity Without Disrupting a Seller Carry Deal
12 January 2025 | 1 reply
Some ideas I've considered:Equity Buyout: Having another investor or my partner buy out my 40% equity.Seller Financing: Selling my equity and offering seller financing to the buyer.Selling the Property: Liquidating the property entirely and splitting the proceeds.Does anyone have experience with situations like this?
Lindsey Waltz 85% ltv DSCR
29 January 2025 | 7 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).
Leah Miller Bank Won't Close Due to FEMA Disaster Designation
29 January 2025 | 24 replies
Even though we live in earthquake country, this was a new experience for us.
Jason Munns Canadian Lender Finder?
2 February 2025 | 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).
Anthony Chan Sold my rental condominium (~15 years in service) - DO I NEED FORM 3115 ?
4 February 2025 | 3 replies
Prices will certainly vary between different tax firms.
Jonathan S. Passive Real Estate Investing
15 January 2025 | 10 replies
This is going to vary widely depending on the strategy and real estate asset class.
Rene Hosman How much time do you spend prepping for taxes?
14 January 2025 | 28 replies
This also helps with tax planning so clients aren't blindsided.The tools/software that clients use is as varied as the clients themselves.