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10 February 2025 | 5 replies
OPDon’t know your background but you could buy a fed hog off a farm and butcher yourself.
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8 February 2025 | 4 replies
.📜 Know the rules – No "deal-making" in the forums (that means no advertising, pitching services, or looking for partners).
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12 February 2025 | 12 replies
Maybe as an add-on to all of the good advice everyone above has given, you might want to think about learning Excel, if you do not already know it.
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3 February 2025 | 4 replies
I keep thinking that deals like this are out of my world of possibilities because, 1 I do not know if it is a good deal, 2 how could I make it happen if it is a good deal?
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7 February 2025 | 11 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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9 February 2025 | 11 replies
Also, perhaps @Mindy Nicol may know somebody who can help :)
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10 February 2025 | 3 replies
With rehabs you want to know enough about how houses work to manage the tradespeople.
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30 January 2025 | 13 replies
I know there's a reason so can you share why you set the threshold higher for number of 5-star reviews on AirBnb vs.
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8 February 2025 | 8 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.
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5 February 2025 | 11 replies
I don’t know how easy it would be for you to contact every resident and ask that nobody use any water at a certain time for 10 minutes.