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19 January 2025 | 9 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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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17 January 2025 | 24 replies
It will include an approval letter from the IRS.
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21 January 2025 | 59 replies
I know of no RE investor that had RE before the crash that did not exit that would agree with your statement including this investor.
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12 January 2025 | 12 replies
I'd be happy to provide some recommendations and suggestions for your situation as a foreign citizen living in Miami.First, it's important to have a good understanding of the local real estate market, including pricing trends and neighborhood dynamics.
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17 January 2025 | 22 replies
@Martti Eckert in our opinion, you'll need to be really familiar with construction, including costs, or be able to find somoen on the ground you can REALLY trust (but still verify).
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15 January 2025 | 11 replies
These were not specifically related to owning rental properties but the clients' assets (including any owned property) was better protected due to having umbrella coverage.
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7 February 2025 | 13 replies
I watched every single video and did every single exercise they suggested including writing in extreme detail about my perfect day once I’d “made it”, making an audio recording of it and then listening to it every day.
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10 January 2025 | 12 replies
We have a single flat fee of $1,500 for all of our fees, including the appraisal/valuation.
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12 January 2025 | 2 replies
Just say no.I would almost never do this trade unless all my downside, including potential unknowns, were completely compensated for.
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11 January 2025 | 7 replies
The law allows you to charge for ALL cleaning, including trash removal.