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23 July 2024 | 6 replies
However, the exact terms will vary depending on the lender.6.
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22 July 2024 | 9 replies
With the lending world, rates generally don't vary that much bank to bank.
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21 July 2024 | 18 replies
Even just a few doors down my beachfront properties insurance rates vary almost 200%.
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21 July 2024 | 15 replies
@Zack HellmanZestimate - Don't rely on these figures - sometimes it's accurate other times it's way off.
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22 July 2024 | 28 replies
Hi David,We had a great live session in this week's webinar:The Profitable World of Broadway InvestmentsAs an accredited investor, you understand that relying on a single type of asset can expose you to financial losses during market fluctuations.
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23 July 2024 | 28 replies
The varied opinions means that you can sort through and select the ones that suits you best.
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22 July 2024 | 19 replies
And state law will vary so ..
22 July 2024 | 13 replies
Buyers get spooked easily, plus every year the process gets more complicated with financing, appraisal and inspection issues (which can vary from lender to lender) that could be easily overcome threatening to crash deals without someone experienced in there herding all the "cats" (lol- elements) in the deal to a successful close of escrow.Also most of those comps you are seeing-maybe even all of them- have had a commission and some fees paid by the seller, and the appraisors are aware of that.I hope your home sale goes smoothly.
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20 July 2024 | 11 replies
This typically will not vary by lender.15% down for condos/condotels in destination areas.
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22 July 2024 | 17 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.