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Results (10,000+)
Brett Jurgens Best way to use built up equity?
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).
Collin Hays Best Practices on cancellation credit card chargebacks?
15 December 2024 | 15 replies
Quote from @Collin Hays: I don't manage short-term any more, but can't you include this in a written rental agreement that the guest signs at the time of booking?
Eli Edwards Newbie to Fix and Flip
15 December 2024 | 4 replies
Apply the 70% rule to determine your maximum allowable offer, then negotiate and get the property under contract, ensuring your agreement includes inspection and financing contingencies.Arrange professional inspections to uncover any unforeseen issues, using these findings to negotiate concessions or confirm your repair budget.
Kevin Zmick Having Trouble Renting Unit in First Property
19 December 2024 | 22 replies
In the spring you can list it for market rate and have better marketing/screening strategies in place.HOW TO SCREEN APPLICANTSI recommend you include some of your key qualification criteria in the advertisement.
Dan H. Underwriting STR - Looks promising but deeper evaluation shows poor return
15 December 2024 | 13 replies
Again, not unless its actually that your gross income (including cleaning fees) is 100k a year and your gross rents are actually only 75k. 
Jae Yoo Property management break contract
16 December 2024 | 3 replies
Contractually, I'm sure I'll be on the hook for something based on their PM favored literature, but can I contest that they have done absolutely nothing for me, including not paying me as my defense?
Anna Granofsky Shared Housing Advice
18 December 2024 | 6 replies
I need advice for creating the lease to include guidelines and wording on sharing responsibilities in the common areas. 
Daniel Huang New to real estate investing and looking to learn
16 December 2024 | 2 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
Deja Clark How to Structure Land Deals? Newbie Needs Wisdom!
14 December 2024 | 5 replies
My aspirations include becoming a real estate developer, so I want to learn as much as I can.
David Mile WHAT IS A 1031 EXCHANGE AND HOW DOES IT WORK?
16 December 2024 | 2 replies
These are the different properties that are included in the 1031 exchange requirement: commercial buildings such as offices, schools and different establishments that are important for the population, as well as single family rentals, multi family rentals, industrial facilities, and even raw lands are included in the like-kind.