
25 September 2024 | 5 replies
Granted, it can become more efficient if you are using your OAs as templates for each new deal, and only changing basic business terms.And as for BRRRs, owning in an LLC does change your financing options.

25 September 2024 | 4 replies
This basically releases the one moving out and the security deposit stays with the property.

25 September 2024 | 18 replies
It is fairly basic compared to other changes in accounting method.

25 September 2024 | 37 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).

25 September 2024 | 5 replies
Basically just doing only the necessary and putting all appliances myself.

27 September 2024 | 14 replies
from your comments above I also think there's a basic misconception/misunderstanding of fundamentally how negotiation works in the open market, and that again is likely an area an agent can help you.

24 September 2024 | 2 replies
Basically took a mortgage in 2005 for $520,000.

25 September 2024 | 6 replies
After you get some basic information from there, you should use the enemy method to identify how well competitors do in the area.

25 September 2024 | 7 replies
., Chick-fil-a, Wholefoods).B-Class areas often feature Walmart and Dollar Stores.C-Class neighborhoods usually have fewer amenities and more basic stores.Schools:A-Class areas may have access to better private or charter schools.

24 September 2024 | 19 replies
another stupid law/idea.But that all said RE values are still basically holding within 10% of their highs..