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22 October 2024 | 3 replies
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.
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22 October 2024 | 2 replies
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.
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23 October 2024 | 7 replies
So it's not the same as bank which might do 2-2.5x once debt payments are factored in.
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23 October 2024 | 6 replies
@Shaun Hunt Starting a property management company to manage your own properties could offer some tax advantages, but there are important factors to consider.
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23 October 2024 | 3 replies
For experienced landlords, what factors should be prioritized when choosing landlord insurance?
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23 October 2024 | 5 replies
But since I front 600 feet of his property it was important to him to have input on design and quality.
22 October 2024 | 8 replies
The rents were at $1000 a door with a potential to increase up to $1250 after some small TLC renovations.When you factor in the price point, lower taxes and lower insurance you have yourself a sure fire cash flow deal.
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24 October 2024 | 16 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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22 October 2024 | 2 replies
.--- Tactic 2: Quality and Aesthetics: He emphasized high-quality construction and appealing design, enhancing long-term value.--- Tactic 3: Strategic Land Acquisition: Bren acquired land in strategic locations, often before areas became highly desirable.3.
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23 October 2024 | 4 replies
The most important factor in a 1031 exchange is who the taxpayer is for the property.