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17 October 2024 | 26 replies
An agent who invests themselves will often have insights into investor-friendly lenders and can help you navigate the requirements, including debt-to-income ratios and how to factor rental income into your mortgage qualification.
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17 October 2024 | 9 replies
If you pay rent while in Aspen, that housing expense will be factored into your DTI ratio (e.g. total rent paid in 5 months divided by 12 months).You should be prepared for your loan file to go to an underwriting manager for second-level review on account of the occupancy risk associated with your primary home being located so far away from your work.
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11 October 2024 | 2 replies
Hiring a property management company is a decision that requires careful thought. IREM President Libby Ekre, CPM, shares five essential things to look for:
Licenses & Certifications – Ensure the firm has certific...
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14 October 2024 | 3 replies
LA city is currently 4% but that can vary based on several factors.
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14 October 2024 | 0 replies
These costly improvements are pushing rents up.While effective rents (factoring in concessions) may be declining, asking rents remain high as landlords aim to maintain their property value.
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18 October 2024 | 25 replies
Even out of state markets when factor in managers/real expenses cashflow is not there.
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16 October 2024 | 11 replies
For use as a bedroom one of the key factors is egress.
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13 October 2024 | 3 replies
I don't use a PM, but 10% seems reasonable to budget because a I think you can probably find someone for maybe 8% and then you factor in any additional fee for tenant placement.