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7 August 2024 | 20 replies
Forced equity and cash flow vary quite a bit by the deal, but Idaho is the most landlord friendly state in the country- the state actually just passed a law making it illegal for cities to regulate rent rates or fees in any way.
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8 August 2024 | 12 replies
If you have particular lender you want to work with, now is a good time to have a conversation about the MTR rent - lenders will vary on how they calculate this income and the seasoning required.
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7 August 2024 | 3 replies
This likely will vary by state.I do agree with you there is some definite potential to this approach especially for buyers with high incomes (and high tax rates) and looking for post retirement income streams.
6 August 2024 | 2 replies
An appraiser will give you a detailed report based on a thorough inspection and analysis of comparable sales, market conditions, and other factors.Remember, price estimates can vary and everything is an opinion to some extent.
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5 August 2024 | 3 replies
Over the years I picked business degrees, real estate license, tax preparation training, loan officer licensing and training, investment / CFP training and it is all tied together in one big connected body of knowledge that emphasizes appreciation, debt pay down, cash flow, and tax write-offs...
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9 August 2024 | 39 replies
And they are easier to get than a conventional loan also. 3A)There is a lack of 'traditional tax benefits' to a large degree when investing with a retirement account as far as saving on your yearly taxes.
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6 August 2024 | 6 replies
It can vary based on condition & size... but that is sort of a going rate for an average unit here.Hope some of that helps.
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6 August 2024 | 8 replies
Research local market rates to determine how much more you can charge; often, Airbnb properties can command 20-50% higher than traditional leases, but this varies by location and demand.
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5 August 2024 | 16 replies
Hi Carlo,As mentioned DSCR loans vary widely based off of numerous factors, credit, LTV, Prepay type, DSCR Ratio, just to name a few.However, I am seeing rates as low as 6.625% now on DSCR products in a perfect scenario.In scenarios with low credit scores, high LTV's and short prepays we can easily be in the 9's.When looking for a DSCR loan to fit your needs, I recommend getting in touch with someone who knows what they are doing to pencil the loan in your best interest.Glad to connect and get into more detail!
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8 August 2024 | 46 replies
Of course, you can't protect yourself completely, but this will also help you prepare for buying the next properties a little better, and it's an exercise I generally do when I'm on a showing for a property I'm serious about so that I'm factoring this into my analysis to some degree in a "capex" reserve.Capital ExpenseRoofWater Heater x2All AppliancesDriveway/Parking LotBoiler x2FlooringPlumbingWindowsPaintCabinets/CountersStructure (foundation, framing)Components (garage door, etc.)