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Results (10,000+)
Tyler Rabanus DSCR Cash Out Refi Questions
15 December 2024 | 14 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.
Elliot Rosen Impact of a bowing foundation on resell value
12 December 2024 | 6 replies
You may need to disclose that you repaired this to buyers and want to include more detailed information about what was done.
Jonathan Warner No finacing contingencies allowed?
13 December 2024 | 12 replies
Out of curiosity, what would you offer to make it more appealing if I did decide to offer with the financing contingency included?
Melanie G. Suggestions on best commercial lenders for a NC project??
12 December 2024 | 4 replies
However, the price would include the 7 duplexes, 2500 sqft Single family, and an additional 3.5 acres of vacant land attached, all located less than 1 mile from High Point University.
Mike Sfera First investment strategy
12 December 2024 | 6 replies
Yes - you should budget all the associated "costs" with the rehab including renovation costs, holding costs, selling costs, etc. 
Steve Fiedler Excited to join the Bigger Pockets Community
12 December 2024 | 5 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
Felicia Richardson Fannie Mae HomeStyle
11 December 2024 | 8 replies
The loans are fixed rate programs, and the additional renovation financing is included into the one loan.
Roland N. MTR - How to protect furnished rentals?
11 December 2024 | 4 replies
After the tenant moves out, we send someone to inspect the property for any damages, including furnishings like a broken vase.
Vivian Huang Investing in Tulum, Mexico
12 December 2024 | 49 replies
Avoid.The majority of the Mexican developers are honest and do a great job but people need to do a proper due diligence, including knowing who they're dealing with.
Timothy Newsome First investment property either GA or Ohio, looking to connect.
11 December 2024 | 35 replies
If that makes more sense though by all means I’m open as I am brand new to this game.