Rene Hosman
Have you ever offered rent concessions to entice potential renters?
17 January 2025 | 19 replies
Context matters: for some apartment buildings that compete head to head with a very similar property just down the street, this may be a good strategy.We rent premium single family homes and I have never offered an incentive.
Desiree Rejeili
What To Save for When Buying a Home
9 January 2025 | 0 replies
Bankrate explains:“Mortgage closing costs are the fees associated with buying a home that you must pay on closing day.
Leeling Chew
Should all tenants fill out rental application, or only the one who pays the rent?
10 January 2025 | 8 replies
Join a local landlord association.
Brett Coultas
New member introduction and host financial question
21 January 2025 | 8 replies
It's also easier to figure out all of the pro's and con's a head of time to avoid lost time and money.
Jordyn Ohs
What do I do if my DTI is getting in the way of my next investment property?
16 January 2025 | 7 replies
My first reaction to your post is if you're purchasing assets that are throwing off positive cash but your DTI is going up then it may be time to re-evaluate the type of assets or the expenses associated with those assets. 2.
Jason B.
Suburban Chicago: One of the Hottest Rental Markets in the U.S.!
15 January 2025 | 10 replies
Quote from @Jonathan Klemm: Sounds like you are no doubt heading in the right direction @Jason B.!
Jacob Hrip
Best financing options for a first time investor?
9 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 = 1.23If 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).
Lutfiya Mosley
The Multifamily Mindset program. Biggest regret of so many people. Is it a scam?
18 January 2025 | 34 replies
Students are so scared they don’t say anything in hopes their family won’t lose it all.After four years of running a deceptive business and getting students locked into deals with them and their employees or associates, the owners are trying to split up and there's a lawsuit between them.
Michael Reilman
Best Low-Flow Toilets?
17 January 2025 | 14 replies
Don't forget to change all your faucet aerators and shower heads to low flow it makes a huge difference as well as far as water usage and saving HOT water.
Jennifer Fernéz
Help with this deal!
18 January 2025 | 10 replies
I don't need hard money because I have a lot of cash.Purchase: $190kDownpayment: $40kClosing/Realtor: $10kLoan Amount: $150kRenovation: $15kARV: $250kRefinance: $5k Final Loan Amount: $190KCash Back: $40KCash Spent (Down & Renovation): $55KCost to buy (Closing/Realtor): $15K---------------------------------------------------------------------------------------Total Monies Spent: $30KLoan Amount: $190KMortgage: $1.8KRent: $2KThose are rough numbers going through my head.