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23 January 2025 | 5 replies
Paying off the mortgage can provide peace of mind and simplify retirement, while keeping the debt allows you to leverage your funds for higher returns through investments.
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18 January 2025 | 18 replies
Or paying off my debt, while I provide them with a nice house to live in instead of an apartment.
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20 January 2025 | 11 replies
I am the boots on the ground and provide all of the time and my partners supply the money.
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7 January 2025 | 24 replies
@Bob Asad I like the individual sub account method escrow account, but there are multiple different ways to hold security deposits and multiple laws in different states.
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16 January 2025 | 12 replies
Smaller deals may sound "small" and yet they can provide a great deal of experience.4.
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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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20 January 2025 | 5 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
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21 January 2025 | 4 replies
I know there are services that provide proof of funds but I view that as misrepresentation.
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17 January 2025 | 1 reply
Thanks for any help you can provide!
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18 January 2025 | 5 replies
Yes, I am excited to see the opportunities that wholesaling will provide and can’t wait to make it happen.