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15 December 2024 | 4 replies
Either way, i always decide to buy additional properties as opposed to developing what i have, because I’ll continue having that and can do what i please in the future.
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16 December 2024 | 4 replies
The surrounding lots are developed and have houses, It is not a closed community but it looks like one.
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21 December 2024 | 8 replies
Social media (or a secondary website, like a blog, or any other personal website that provides value) serves as a nurturing media, where prospects can learn more about you.I have developed the 3 pillars of conversion.A strategy that turns conversions into a 100% reliable mathematical equation.The 3 pillars are:CompetencePersonalityCredibility.For a prospect to convert into a lead, 1) they need to be the right audience (it doesn't matter how much Ketchup you put on a baby-cow burger, you won't be able to sell to a vegan.
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17 December 2024 | 1 reply
Areas with infrastructure growth and new development are excellent targets for long-term value.Key Tip: Adaptability is essential in 2025.
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14 December 2024 | 6 replies
What is the experience of the group at performing this sort of development?
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22 December 2024 | 23 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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14 December 2024 | 13 replies
To help our case, I am thinking about putting together a report of some type that would help for why this development should be accepted.
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18 December 2024 | 2 replies
These kinds of developments can be huge draws for both residents and investors.
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7 December 2024 | 12 replies
Our ultimate goal is to get into real estate development along with buying rental properties.
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20 December 2024 | 9 replies
Without factoring in tax benefits and principal pay down, you're $1800 ahead of the game by house hacking.