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23 January 2025 | 2 replies
These range low 500s to the mid 600s.
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27 January 2025 | 7 replies
If there is a property manager, your success rate is going to be very low.
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18 February 2025 | 16 replies
To be more specific about the unique investment options we make available like buying homes with 5% down, or possibly 0% down, buying homes with up to 10% cash back, 10% immediate equity on new construction, rates in the low 4s, etc.
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11 February 2025 | 20 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).
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18 January 2025 | 13 replies
And with brokerages now offering new agent programs where they will pay 100% of the expense to get licensed, there is literally no reason not to.
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23 January 2025 | 11 replies
Living in one unit and renting out the others allows you to deduct 75% of expenses like mortgage interest, property taxes, insurance, and shared repairs as rental expenses, while the remaining 25% applies to personal use.
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30 January 2025 | 7 replies
You might want to check out the Detroit Land Bank Authority, which sells rundown properties at super low prices—as long as you commit to renovating them.
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10 February 2025 | 10 replies
House hacking a duplex is a solid way to get started in real estate while keeping your living costs low.
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23 January 2025 | 7 replies
I recently watched a video on social media that mentioned the way he was buying properties and yielding the benefit of the sellers low interest rate is having the seller put the property in a trust and then purchasing the trust.
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30 January 2025 | 12 replies
Can someone tell me what they pay monthly for business expenses for their software..