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29 January 2025 | 5 replies
I included a link below to your state's association with all the requirement info.Keep in mind that getting into Real Estate is not a cheap adventure.
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4 February 2025 | 17 replies
One of my associate mentioned that both me as a seller and the buyer can claim the interest paid every month, I'm hesitant to argue with your "associate" because who am I?
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7 February 2025 | 6 replies
For connecting with local resources like mortgage brokers, investors, and agents, the Austin Real Estate Investors Association (REIA) is a great starting point.
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3 February 2025 | 12 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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25 February 2025 | 29 replies
Here are some avenues to consider:Networking Events and Industry Associations: Participate in real estate investment groups, workshops, and seminars.
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3 February 2025 | 6 replies
Find a local chapter of REIA (Real Estate Investors Association).
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11 February 2025 | 11 replies
I have always been a believer in getting as much money as possible from the tenant before evicting them to minimize the costs associated with turning a unit because where I work, in an older city with a ton of small multifamilies, those costs can add up even in the best of times.
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4 February 2025 | 5 replies
Unfortunately due to the property values, the cash proceeds will be disproportionately impacted by transactional costs associated with the financing (doc prep, appraisal, recording etc.) which will also hurt the available proceeds compared to the same LTV financing of higher value real estate that can better absorb these transactional costs.
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23 February 2025 | 25 replies
The Milwaukee REIA https://www.milwaukeereia.com/ and the Rental Property Association of Wisconsin https://rpawi.org/ are both great for connecting with experienced investors, lenders, and property managers.
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14 February 2025 | 11 replies
I understand realtors are basically private contractors and they o my get what they put in but with how the market is I don’t want to invest in my license and the fees and programs that are associated with it if I’m bleeding money