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13 December 2024 | 3 replies
The larger wholesalers use VA to skip trace and cold call saving them all of the work but you need capital for that.I recommend going to some events here in the DFW area.
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19 December 2024 | 22 replies
This has saved me hundreds of thousands of dollars.
16 December 2024 | 8 replies
STRs have unique tax considerations, so setting up the right systems early will save you headaches down the road!
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14 December 2024 | 2 replies
If you look up BRRRR you will see lots of info.
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12 December 2024 | 5 replies
The depreciating asset is already factored into my investment strategy.It will take me a little while to save up enough money to get something, so I have some time to figure out what I want to do.
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13 December 2024 | 35 replies
Luckily I had war fund saved up for the HVACs, roofs and foundation repairs I needed.
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16 December 2024 | 4 replies
I want to know the options and you are certainly gave me good info.
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17 December 2024 | 19 replies
Very good we sold 3 flips last month and working on 2 right nowWe bought a bunch to hold as well1 piece of advise - don’t buy on market I am buying w issues I solve whatever issue and make a lot of equity or moneyStill hosting 2 nd weds of the month which was last week and tonight I’m the guest speaker at the Reia You have my info if I can bring you value let me know
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18 December 2024 | 12 replies
Why would you jump ship to save a few dollars?
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19 December 2024 | 15 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).