Lindsey Waltz
85% ltv DSCR
29 January 2025 | 7 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
Matthew Allen
Is This Sale Lease Back Strategy A Bad Idea
29 January 2025 | 3 replies
Assuming you sold the home at the end of 5 yearsYour NET ROI would be:0% appreciation: 10.93%1% appreciation: 12.13%2% appreciation: 13.33%3% appreciation: 14.53%This ROI calculation takes into account taxes, insurance, selling costs, repairs (calculated at $3500) through out the lease.
Chris Kittle
Wyoming LLC Set-Up and Recommendations
29 January 2025 | 12 replies
If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.
Morgan Vien
I live in CA and am buying a rental property in OR. Advice on LLC + Taxes
27 January 2025 | 8 replies
Not one member has ever said an LLC saved them when a standard insurance policy.
Mary Holland
Hey everyone! Has anyone here gone through the application process for DSCR loans?
1 February 2025 | 8 replies
There are still some docs required (ID, bank statements, copies of leases, copy of insurance, etc.), but it's WAY less document intensive than a conventional loan.
Craig Jones
STR hotel makeover
22 January 2025 | 15 replies
We use Hiscox for our insurance with our business, not sure if it works for property but its worth a try.
Nicholas Dillon
Taking additional cash from a 1031 exhange
7 January 2025 | 3 replies
And to use all of the net proceeds in the purchase or purchases.
Ryan Cushman
STR Investment in Ellijay GA
17 January 2025 | 0 replies
10% down 2nd home loan and savings from the proceeds of already owned STR's.
Mordy Chaimovitz
Crazy prices on 2 and 3 flat buildings in chicago
13 January 2025 | 11 replies
@tom shallcross summarized this well in another post and just inflate your numbers up for a $665k purchase price and $2300/mo per unit for rent.Borrow 80% which is like $3700/mo for Principal, Interest, Taxes, and Insurance.
Blaise Bevilacqua
First deal (thoughts?)
27 January 2025 | 3 replies
-Management is low - you'll need at least 10% plus leasing costs - typically a month's rent for each lease-up, and sometimes a renewal fee as well-Insurance seems low-Are taxes accurate?