
23 July 2024 | 13 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.

22 July 2024 | 9 replies
If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

21 July 2024 | 1 reply
Includes all legal ads from every county in PA, but if you go to their individual websites, they are locked behind paywalls.

21 July 2024 | 12 replies
In your case it may be individual HVAC units.

23 July 2024 | 27 replies
Something to keep in mind is that the overwhelming majority of the individuals that work out there are skilled tradesmen who could go to a different jobsite at any time for various reasons.

21 July 2024 | 4 replies
Because if you're looking for someone to take the lead on putting creative strategies together - that might be a much harder find.If I were looking for a person like this, I would grab my iphone and call the individual who had worked on a similar deal that I wanted to do.

19 July 2024 | 0 replies
Our financial support demonstrated our commitment to providing the necessary resources for successful real estate investments, enabling a smooth and profitable transaction in collaboration with our partner, Seth Choate.

19 July 2024 | 1 reply
Our financial support demonstrated our commitment to providing the necessary resources for successful real estate investments, enabling a smooth and profitable transaction in collaboration with our partner, Otis "Lee" Sams.

20 July 2024 | 3 replies
You should really look at each individual property to make sure you're putting aside enough.

22 July 2024 | 17 replies
If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.