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20 February 2024 | 1 reply
The formula for calculating DSCR is straightforward:DSCR=NetOperatingIncome(NOI)/TotalDebtServiceNet Operating Income (NOI) represents the property's income after operating expenses.Total Debt Service includes all debt obligations, such as loan payments, property taxes, and insurance.A DSCR ratio above 1 indicates that the property's income is sufficient to cover its debt obligations, while a ratio below 1 suggests insufficient cash flow to cover debt payments.Lenders usually have specific DSCR requirements, with higher ratios indicating lower risk for the lender.
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6 September 2016 | 6 replies
Proposing that the two of you creatively structure the commission (either on this deal or on future deals) is going to give you an indication of how open and flexible she is.
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6 September 2016 | 1 reply
I haven't done that myself, but everything I have read indicated that it's successful, but only when done consistently over time.
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9 September 2016 | 13 replies
My initial research has been into - kane county foreclosure sales- researching liens online - practicing the 70% rule on the list of 2016 past and future foreclosures to see which properties sell for at or below max offer amounts and to see if i can tell what indicators set these appart from those that sell at foreclosure beyond the 70% rule amounts?
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17 December 2020 | 9 replies
I have enough on my plate than to have to worry about caulking a tub to satisfy a buyer. as/is does not indicate anything about the property condition, but more about the mind set of the seller.
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8 September 2016 | 7 replies
Chris T.While we are not flippers, we do use a similar approach by purchasing tired properties and forcing appreciation: it is just rehab-n-hold as opposed to rehab-n-sell.When we are carrying out a deep retrofit on a newly acquired property, we will put a sign in the yard advertising another "modern, heathy and energy efficient home in the making" with an indication of when it will be available for rent.We typically have the units rented before the renovation is complete.
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9 September 2016 | 4 replies
You can also get a pretty good indication of demand there too.
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9 September 2016 | 2 replies
Sure, take 10,000 homes bought by investors, and do regression analysis that gives me an indication of variables that are common, like geographic area, home value, home owner's age, income level, political persuasion, gender, ethnicity, or anything else!
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12 September 2016 | 8 replies
Do you mind indicating what you paid for the property, the amount of the rehab and what you expect to sell it for?
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19 September 2018 | 13 replies
This is a big indicator as there are a few areas where 350k MFH don’t have much traffic, it’s just not the hot & booming areas.