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6 April 2024 | 45 replies
i see a lot of pretending that capex is some kind of expense that lives in the sky and isn't associated with a specific property.
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4 April 2024 | 7 replies
Specifically on the self storage side of things, if I remember correctly there is an Ohio association for self storage operators, perhaps you can use that list to get intouch with operators that might know about industry meetups, and that might be a good place to start for dealflow as well.
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4 April 2024 | 2 replies
The recent $418 million settlement involving the National Association of Realtors has introduced another layer of complexity underscoring the urgency for proactive recruitment approaches in a market characterized by uncertainties.Sales managers are often stretched thin managing responsibilities like coaching and finalizing contracts leaving room for sourcing high caliber agents..
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4 April 2024 | 8 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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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5 April 2024 | 13 replies
The difference was my former employer understood the actual steps associated with asset protection (more on this below in #4)3.
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4 April 2024 | 20 replies
This criteria is for 1-4 and 5-8 unit programs.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.
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4 April 2024 | 5 replies
Plus, after your borrower pays the associated expenses, they are hugely expensive.
3 April 2024 | 3 replies
Now I’m in Brandon Turners A Better Life Tribe which I’m having some technical issues with but after about 10 weeks of not being able to use the site they seem to have fixed it and I’ve been able to use different services associated with it all along so not a total loss.
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3 April 2024 | 15 replies
What are the fixed and variable costs associated with having a short-term rental vs long-term rental?
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4 April 2024 | 42 replies
Here is the NAR (National Association Of Realtors) code of ethics standard of practice defining a client and a "CUSTOMER".