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27 December 2024 | 8 replies
Based on the quality of this particular home, my rent estimate may be low.Note: you have to consider other factors.
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26 December 2024 | 4 replies
Hey @Keenan Patton,This deal looks solid with a projected $60K profit, $435K ARV, and a $13K assignment fee in Northern California.
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4 January 2025 | 35 replies
Detroit is appreciating rapidly, due to many factors, and it still cash flows or at least allows you to operate near break even.
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28 December 2024 | 13 replies
ATM business mainly makes money from the transaction fee.
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26 December 2024 | 2 replies
And in part, it depends on the investors and capital that you have access to (this tends to play a factor in many decisions when raising outside capital).If you do want to go the fund route, you might want to consider using Avestor.
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23 December 2024 | 4 replies
What factors should I prioritize when choosing the best approach for my future success in real estate?
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27 December 2024 | 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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5 January 2025 | 24 replies
What ADR did you use for MTR and how did you derive the MTR ADR (or different what rent and what vacancy factor)?
1 January 2025 | 24 replies
Factor in accurate, but worst case scenario numbers.
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4 January 2025 | 20 replies
Not sure her “design” fee or what was spent on travel.