Kailas Tare
Learning aids for booking for real estate investors
3 December 2024 | 2 replies
Griswold – A great introduction to the financial side of real estate investing, including bookkeeping."
Jermaine Washington
Cash out refi question
5 December 2024 | 17 replies
In my experience, most lenders cap at 75% LTV, and even then, it can be tough to pull out enough equity to get meaningful cash at closing.That said, I’ve noticed a lot of investors, myself included, facing cash crunches lately.
Raj Vardhan
Cash out Refi
9 December 2024 | 16 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).
Marcus Robert
Self Directed IRA or Other regarding 401k
5 December 2024 | 4 replies
2.) looking for advice on how to deploy 600+ thousand dollars into real estate and start receiving the cash flow from it without having to pull the 401(k) out and swallow the tax ramifications.I currently own 13 units and receive healthy cash flow from all of them, but I am looking to increase my cash flow so I can ease into the next phase of my life which includes work of a different kind but not doesn’t having a 9 to 5 job.Thanks in advance!
Brandon Ortiz
How To Get Started | Bay Area
9 December 2024 | 9 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
Dorian Gray
Cash out refinance
4 December 2024 | 5 replies
Not sure if these are all investment properties or if you're including a primary or second home, but my suggestion would be a cash out refi of an investment property to pay off your debt, and a line of credit on your primary to have available for reserves if needed.
Lisa Ngo
Umbrella Policy for Out of State Rental Property
6 December 2024 | 11 replies
My insurer is Erie, for everything including my umbrella.
Joe S.
What are your thoughts about Prenuptial agreements?
6 December 2024 | 51 replies
It outlines how the couple will handle their finances during and after the marriage, including: Property and assets: How to divide property and assets in the event of a divorce or death Debts: How to allocate debts Spousal support: Whether and how to provide alimony Inheritance rights: How to handle inheritance rights A prenup can help protect both parties' interests, and can be an effective way to avoid court proceedings and minimize the emotional and financial toll of a divorce.
Paulette Midgette
Looking For People With Knowledge of Eagle Rock Resort
3 December 2024 | 22 replies
However, this price does not include a finished basement.
Tom Sproul
Post-Mint App Personal Finance Software Hunt
3 December 2024 | 3 replies
I personally use Stessa (included free with your pro/business account) and Monarch.