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3 December 2024 | 6 replies
This includes but business and personal filing and I’m curious if this is high, low, or right in line with what others are seeing.
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2 December 2024 | 10 replies
It includes space to spell out specifically what the tenant is responsible for.
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8 December 2024 | 7 replies
That said, do your calculations for cashflow include setting aside 15-20% of monthly rent for repairs, CapEx, vacancies, etc, etc?
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5 December 2024 | 6 replies
So definitely include clauses in all leases that limit the types of businesses that can operate within the space.
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5 December 2024 | 34 replies
Unluckily The “basic charge” that everyone including solar users has more than doubled in those 15 years.
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9 December 2024 | 16 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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6 December 2024 | 3 replies
Now, if the deal is so sweet that someone may want to step into your shoes prior to closing for a large fee, make the contract including the seller financing terms freely assignable and ironclad.Good luck.
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4 December 2024 | 7 replies
Essentially, the overlay surrounds the City of Ojai and includes Oak View, Meiner Oaks, and east of Ojai.
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9 December 2024 | 9 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
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5 December 2024 | 7 replies
Client agreements have expiration dates and oftentimes include clauses that entitle agents to commission several months after the expiration of the buyer agreement.