Loren Souers
Moving Rental Property Into Revocable Trust
5 December 2024 | 6 replies
However, there are some drawbacks to putting a rental property in a trust - first setting up a trust can be expensive and involve a lot of paperwork, the rental property may be subject to rent control and liability insurance may be more expensive for a trust.
Sol Baum
Re: Brokers client list
5 December 2024 | 7 replies
i.e. single proper Buyer agreement, exclusive buyer agreement, etc.Does the principal broker her a signed agency disclosure with this party?
Dustin Sanders
Any 10-15% DSCR Loans?
19 December 2024 | 26 replies
With no points to the lender, the rate would be 9.99% with a principal and interest payment of $2165.
Ben Johnson
Rental Income only - HELOC (accessing equity in hard times) HELP!
15 December 2024 | 12 replies
@Ben Johnson Not enough info here, but based on what you wrote, you have $5,000 in monthly cc interest and probably $3,000+ in principal.
Blake Dailey
I Bought A 130 Unit Hotel and Resort!!
1 January 2025 | 36 replies
It's a year 3 or 4 refi to return 100% of the principal and then projecting a 10 year hold because it's great cash flow and all the money will be out of it.
Brett Jurgens
Best way to use built up equity?
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).
Corey Goldstein
How Much Can I Expect to Get for Selling High-Interest Owner-Financed Mortgages 10%+?
14 December 2024 | 7 replies
I’m exploring the option of selling these notes and would love to get your insights on a couple of key points:Pricing Expectations:How much of the total principal should I reasonably expect to receive when selling these notes?
Carolina S.
Capital gains tax vs. 1031 exchange
21 December 2024 | 7 replies
I just sold a rental property which had quite a bit of equity from appreciation and principal pay down through the years.
James Kerson
Tell Me Why My Discount Brokerage Idea Is Bad: Calling All Agents
10 December 2024 | 100 replies
Agent-advisors would merely provide advice, coordinate property photos, and review offers with their principals.