Kristy Pedersen
Appraisal Bias on BRRR
21 August 2023 | 25 replies
s response is not at all inaccurate, and perfectly illustrates the block by block nature of Philadelphia real estate, because the difference between his and my respective outer limit geographic boundary for the Temple student tenant population is probably 3 blocks.
Alicia Marks
QOTW: what’s the average cost per sqft to rehab?
21 September 2022 | 46 replies
If you want to know more about tenant pools and their importance, please contact me.Only Renovate to Your Target Tenant PoolAssuming that you have identified your tenant pool, you need to transform their critical and desired housing characteristics into a physical property description, as illustrated below.Create your property description based on your target tenant pool segment.
Nimit Gupta
Refinancing my 1st home: Seeking advise for my real estate journey
6 August 2023 | 8 replies
Simplified illustration of this would look like: if your home is worth 100k, and your outstanding loan balance is 70k, then you would be able to pull out 10k in a cash out refinance.
Inna Young
How the building assessment rolled into the sale price increased the property taxes
7 September 2023 | 10 replies
Just for illustration purposes, 4,500,000 divided by 50 years equals 90,000 per year, divided by 36 units, equals 2,500 per year, divided by 12 monthly payments, equals a 208 dollar increase per Owner for 50 years.
Richard F.
Recurring question about subsidized programs and discrimination
8 September 2023 | 6 replies
Apparently there are no actual Attorneys on these forums willing to provide useful insight, or better illustrate how these apparent conflicts of legal principles apply...or do not apply?
Sashika De Silva
4 PLEX investing - Big down payment limits you ?
22 August 2023 | 14 replies
The longer the term, the less of an impact on the rate.I've included an example below to help illustrate this.
Dillon O.
DTI Issue: House Hacked Rentals to Purchase SF Primary
7 September 2023 | 11 replies
I'm trying to illustrate a point.
Ravinder Gade
non warrantable condo refinance
14 September 2023 | 7 replies
If they will do a loan with less than 1, the pricing takes a hit.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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
Jeremy Shepherd
Spiders
7 October 2015 | 3 replies
Spiders generally prefer to be outside, so once you get them out and seal up their access points, you should be good to go.Here are some worthy ideas from a website I found... with illustrations!
Chisolm Tessem
Need help with a rental example from bigger pockets
5 September 2023 | 2 replies
I'm trying to wrap my head around the financial aspect of real estate (taxes in particular), examples are a great way to illustrate how things work, but it sounds like this was a poorly written example that didn't mention any of the details you just did.