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21 February 2025 | 9 replies
Local EventsI am eager to attend some events near me and I did not see anything coming up soon on the Events and Meet Up page, but I did see this online from the New York Real Estate Investors Association (REIA) and am likely going to check it out: NYC 6th Real Estate Investors Expohttps://www.meetup.com/new-york-real-estate-investors-association/events/302291858/?
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23 February 2025 | 246 replies
I desperately hope that Rad pulls through this hard time and returns to the successes associated with the investors I spoke to prior to joining.
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16 February 2025 | 5 replies
🚀Disclaimer: I am a licensed real estate broker associate in Florida, but I am not a lender, financial advisor, or attorney.
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13 February 2025 | 123 replies
For example, whole life insurance has at least 5 different terms associated with it now.
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19 February 2025 | 10 replies
Here in Colorado, you need to have a real estate license, and in order to get your license you need to go through what basically amounts to an apprenticeship for two years (associate), before you can have your own firm.
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14 February 2025 | 17 replies
If it's the same 212 loan that I have some high level knowledge on, they offer fix and flip loans and are generally associated with a specific wholesaling firm.
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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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27 February 2025 | 11 replies
Small, local banks and credit unions always have connection issues no matter the software...Having been associated with Stessa/Roofstock for many years now, I can say that this is spot on.
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4 February 2025 | 13 replies
You can elect to be classified as a partnership or an association taxable as a corporation.
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18 February 2025 | 9 replies
My first reaction to your post is if you're purchasing assets that are throwing off positive cash but your DTI is going up then it may be time to re-evaluate the type of assets or the expenses associated with those assets. 2.