Murtuza Khoja
Considering buying a STR in Kissimmee
29 January 2025 | 3 replies
There are more factors than just the community (#beds, level of theming, location to the amenities, style of home (single family, townhome, condo) and others) But I would strongly advise to stay within some of the same communities you mentioned like Storey Lake, Windsor Hills, Championsgate and a few others if cash flow is your goal.
Jonathan Blanco
Is it worth seeking lenders with $0 lender fees?
25 January 2025 | 12 replies
Financing is important but your realtor will absolutely be the determining factor whether you purchase correctly or not.
Cole Starin
Six Unit Multi-Family BRRRR
24 January 2025 | 8 replies
Factoring market conditions at the time of refinance, I negotiated a lower rate and conceded a lower term anticipating rates to normalize in the 4%-5% range by 2026.
Aristotle Kumpis
Is it possible to buy with no money out of pocket?
1 February 2025 | 16 replies
Meanwhile, the sellers who are most likely to offer creative financing are normally the owners of real estate that have issues.....condition.....low barrier/over supply market......or perhaps pricing issue, and one of these factors is why its not marketable in a arms length transaction and why creative financing would be accepted.
Amir Portal
Help whit choosing a neighborhoods for BRRRR strategy
28 January 2025 | 10 replies
Look at factors like proximity to jobs, schools, transportation hubs, etc.
Bryce Jamison
Do you buy older homes for long term rentals?
20 January 2025 | 32 replies
It also matters where the home is located, and what the weather, type of tenants it attracts/has been attracting, etc. other factors are.
Mary Holland
Hey everyone! Has anyone here gone through the application process for DSCR loans?
5 February 2025 | 10 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).
Sarah Ali
Found potential first property - need help on how best to approach selelr
25 January 2025 | 6 replies
Is it fairly priced for the size, location, quality, and other factors?
Kimberly Pittman
Duplex investment in Waco Texas
7 January 2025 | 0 replies
Purchase price: $545,000 Cash invested: $545,000 New Construction Duplex - Beautiful Design and very nice curb appeal. 3 bedrooms 4 bathroom - All bedrooms have private bathrooms.
Derick Jennings
New to this
3 February 2025 | 15 replies
Instead of paying down someone else’s mortgage, you’re setting yourself up for bigger and better deals down the road.Your first deal is going to depend on a lot of factors—how important is location?