
24 October 2024 | 16 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).

22 October 2024 | 6 replies
Factor in hard money loans, high contractor bids for rehabs, etc and you have no deal.

23 October 2024 | 4 replies
The most important factor in a 1031 exchange is who the taxpayer is for the property.

22 October 2024 | 2 replies
If you can drive to see it, even if it's a long drive, you will stay more on top of your investment.4.

21 October 2024 | 16 replies
But upon looking at court records this person has multiple driving violations and charges of criminal trespassing.

24 October 2024 | 10 replies
The most important factors a hard money lender will look at, if you don't have experience, is your liquidity and credit score & history (as well as your background -- no liens, judgements, foreclosures, bankruptcies, etc).I would hit up @Michael Cid -- he's a tremendous resource and is a direct lender.

23 October 2024 | 5 replies
If not and I have to go out and build the team and organize the deal, I will factor that in too.

22 October 2024 | 11 replies
You can buy a list of investors or build one yourself by creating a website, driving traffic through educational content, and offering value.

23 October 2024 | 4 replies
Test drive the tech products - part of the BP pro membership is access to our amazing tools like Market Finder, Deal Finder, Rental Calculators, etc.

23 October 2024 | 4 replies
That, combined with a couple other factors, has me confident that it will get the top rent in the area for any multifamily unit!