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4 December 2024 | 3 replies
Its a more comprehensive view especially early in your investing journey unless $ isn't a factor.
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2 December 2024 | 6 replies
Obviously the course designers have huge success in RE, but I am more interested in the course they developed and what I should expect to get out of it.
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5 December 2024 | 6 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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2 December 2024 | 4 replies
Credit scores are made up of many factors, one is the utilization of an account vs its credit limit.
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5 December 2024 | 12 replies
When working with private lenders, the costs for preparing loan documents can vary based on a few factors, including the complexity of the loan, the attorney’s experience, and the geographic location.
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3 December 2024 | 8 replies
If your goal is to buy and hold for a long time, you need to consider factors other than just cash flow, like appreciation.
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4 December 2024 | 9 replies
Either they choose to move out or you get paid for the “hassle factor”.
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2 December 2024 | 10 replies
Several of my STR investor clients here in Colorado have used a designer, and they generally pick a few statement pieces that they spend money on and then go with FB marketplace or even IKEA for smaller items.
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5 December 2024 | 9 replies
You're going to need a far greater return to justify the risk and hassle factor on this one.
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2 December 2024 | 2 replies
For distressed properties, focus on markets with growing job sectors, good schools, and lower crime rates, as these factors drive rental demand and long-term growth.