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10 December 2024 | 12 replies
At the current price, adding the additional lots would make them about $30,000 per lot, depending on the price of the additional utilities that need to be added.
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4 December 2024 | 9 replies
**I understand this data will vary market to market, I'm just looking for ballparks here.
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12 December 2024 | 17 replies
It really just depends when it comes to utilities.
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9 December 2024 | 9 replies
Hi Brandon,Personally I think it all depends on what kind of "avatar" you are.If you have high risk tolerance and have time to spend, active strategies like flips and BRRRRs will yield better returns and more opportunities.
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8 December 2024 | 1 reply
@Matthew Kwan I believe it depends on the type of loan.
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17 December 2024 | 36 replies
Depending on the market you don't have to be a genius to capture good upside if you've got a good project, but when you don't mitigate the downside it doesn't matter what the upside looks like (in my opinion).
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9 December 2024 | 7 replies
It really is dependent on personal opinions.I have seen a lot of our clients use Stessa.
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12 December 2024 | 10 replies
I do understant the team risk, market risk and deal risk in syndication as Scott in his podcast said.Thank you for your insightsSanjay I am not sure its "better", depending on the syndication it could be better, it could be worse.
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5 December 2024 | 6 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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12 December 2024 | 20 replies
I would personally have some traps and poison around perimeter of house depending on severity.