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28 December 2024 | 8 replies
You may also put 5% down on a conventional loan with no self-sufficiency requirement.
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30 December 2024 | 6 replies
The right idea is going to be the bread and butter.1) Ideal location2) Quality properties over quantity of properties3) 1.25x DSCR4) Intention to hold no less than 8, but ideally 12+ years.5) Sufficient cap reserves6) Mechanisms to enhance cash flow(via alt investing or house strategies).7) Liability protection through no PG loans(if possible), LLC formation, property management and being a diligent landlord.8) Invest deeper, before wider.Now if you're talking where to invest, different information.
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1 January 2025 | 22 replies
With your experience, having sufficient capital to cushion any mistakes is important.
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30 December 2024 | 8 replies
If your household income is more than 5 times monthly rent, a guarantor may be an option in lieu of a sufficient credit score.
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5 January 2025 | 24 replies
This will help you gauge whether the rental income will sufficiently cover your mortgage and expenses.Financing Options: With your plan to put 5% down on the single-family home, make sure you understand how the financing works for the construction part.
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14 February 2025 | 161 replies
My only real care about cash flow is to have sufficient margin for safe debt coverage.
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22 December 2024 | 2 replies
If the rental income doesn’t sufficiently cover the debt payments by their standards, they’ll limit the loan amount, even if the property is worth more.You could try a few alternatives:•Look for lenders who specialize in commercial real estate and have more flexible DSCR requirements.
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20 December 2024 | 6 replies
I think 100 Mbps or higher is sufficient for general computer use and tv streaming.
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23 December 2024 | 34 replies
You need sufficient rental income to cover your expenses, or you bleed money.