Adelaide Ning
STR/MTR in Indianapolis
18 July 2024 | 13 replies
Hi Adelaide,For STR - you are going to get most of your business from all the sports events -- racing - Indy 500, football -Colts, NBA - Pacers, WNBA - Fever (Caitlyn Clark), We just hosted the Olympics swim trials, other events include Big Ten Championships, NCAA tournaments (NCAA headquarters here), and the Combine (recruitment for NFL).We also have a pretty busy convention center -- not huge like Vegas or Orlando, but it is solidly booked year round with events like ComiCon, GenCon, Firefighters Association, Future Farmers of America, Candy Expo, and various others.For MTR, you are looking mostly at traveling nurses and medical personnel, you also may get contract workers for the larger corporations like Lilly, Sales Force, or Rolls Royce.Happy to hop on a call and discuss further.
Ana Vhan
A tight comprehensive lease agreement
17 July 2024 | 8 replies
@Ana VhanYou want to use the Arizona Association of Realtors Residential Lease and supporting documents.
Justin W.
Tax auction Sale date?
18 July 2024 | 10 replies
On the date of the auction, you hold a the rights to the delinquent taxes and associated payments - all of the benefits of ownership that you have at that point are only related to those delinquent taxes, and the future rights you might obtain after 12 months.
Wayne Poisson
Obtaining a U.S. mortgage as a Canadian
17 July 2024 | 5 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).
Bryan Miles
Attempting to read a BP article
17 July 2024 | 5 replies
I have about 10 books with associated tools that I cannot fully utilize.
Nick Sansivero
Small multifamily property management in Northern NJ?
19 July 2024 | 23 replies
Please inbox me and I will make an introduction to my associate's company who has hundreds of units under management in North Jersey with focuses on the areas you said above.
Don Konipol
After 45 + Years in Real Estate - What Works and What Doesn’t
16 July 2024 | 41 replies
Most people just use the term but there is association management, apartment/ Multi-family management and then property management.For instance, in Florida, you need a license to practice Association Management (in most cases) and a real estate license to practice property management (in most cases).
Alex Moazeni
Eviction process for late payment
17 July 2024 | 15 replies
Call your county's bar association and get refered a lawyer.
Richard Edgar
Tulsa/Broken Arrow Community
15 July 2024 | 1 reply
Hey Richard, if you're still interested here are a few options: Tulsa Real Estate Investor Association (Tulsa REIA)https://tulsareia.com/Oklahoma Real Estate Investors Association (OKREIA)https://okreia.com/landerGood luck with the investment journey!
Marjorie Nieto
Title Company Recommendations for Creative Financing in Atlanta Needed
15 July 2024 | 4 replies
@Marjorie Nieto, probably Rand & Associates or Katz Durrell.