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).

According to the National Association of Realtors (NAR), as of 2023, housing inventory remains 40% below pre-pandemic levels, leading to heightened competition in many areas.To be considered a neutral market, not seller's or buyer's, the specific market center would need to have 6 months of inventory.

I tend to write off physical expenses to the building and do not write off expenses associated with personal effects.

Landlord shall be responsible for paying any Homeowners Association(HOA) dues and property taxes for the Property.I was wondering if I should add a additional rent clause for the sewer just so I have my base covered in case tenant try to get "smart" with the lease.I think you're fine if that's in your lease to bill them.

@Dean GulloTo build connections in Southington and surrounding areas, join local real estate meetups, connect through BiggerPockets forums, get involved with local landlord associations, reach out to real estate professionals, attend town or community events, and expand your team.

@Toby FellowsYou are correct, you need to ‘hang’ your license under a broker in order to practice real estate, and most brokerages require you to become a member of the National Association of Realtors as well.While you are preparing and taking your courses, contact several brokers and interview them to find out who might be a good fit.

Instead, he seems focused on discouraging me from setting up an LLC due to the fees associated with California.

I'm in search of a good land use lawyer who can help me negotiate public infrastructure I am being required to pay for near Waynesville, Ohio (Wayne Twp, Warren County, exurb of Cincinnati/ Dayton) in association with a small subdivision I am constructing.

Hello, I'm looking to build an ADU on a property and then convert the two homes into a Condo association.

Training board member's is just not in my niche.If you have a bent toward education or someone on your team, you will be an invaluable part of every association you manage.