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14 January 2025 | 25 replies
Get a signed bill of sale including the furniture at closing for tax depreciation.Communication is key!
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16 January 2025 | 12 replies
That depends on a lot of personal factors such as your finances.
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23 January 2025 | 6 replies
Ignore the $1,250 per month because that's your cost of housing, if you didn't pay that on the home you'd have paid that in rent so that's a non factor.
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14 January 2025 | 15 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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18 January 2025 | 1 reply
When evaluating markets for rental properties, there are a lot of factors to consider: population growth, employment rates, rent to price ratio/GRM/Cap Rate, rent trends, vacancy rates, etc.
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6 February 2025 | 0 replies
In today’s housing market, where inventory remains tight and competition is fierce, speed and decisiveness have become critical factors in securing a home.A Market Defined by Scarcity and CompetitionThe U.S. housing market is still struggling with the effects of years of underbuilding following the 2008 financial crisis.
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8 January 2025 | 5 replies
Fully furnished, with all utilities included.
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6 February 2025 | 3 replies
The house includes high-end upgrades such as custom cabinetry, granite countertops and energy efficient appliances.
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3 February 2025 | 32 replies
Appreciation = Specilation/Gambling.We have little control over the factors that affect it, albeit for making improvements that will force it to compare with other likenpropetoes that are in a higher bracket.
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31 January 2025 | 5 replies
They have no 2-factor authentication and don't email you to confirm that you want to update your login, both of which I'd consider industry standard these days.