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12 January 2025 | 12 replies
Foreign citizen currently living in Miami.Any recommendations in general?
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7 January 2025 | 20 replies
Buy a house using your parents' money, then manage it for them while living there.
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14 January 2025 | 15 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).
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13 January 2025 | 5 replies
Preferably out of state near Charlotte NC where our daughter lives.
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22 January 2025 | 12 replies
Here's a secret - evictions are expensive everywhere, and tenants win almost all disputes regardless of the state.
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28 December 2024 | 5 replies
You really should never leverage the home you live in.
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11 January 2025 | 10 replies
@Ken M. we live in one, it has an attached unit, but with a door that passes through from both units.
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15 January 2025 | 2 replies
Currently I am working in partnership on a luxury Air Bnb property in the Philippines to familiarize myself in short-term rentals.I live in Cerritos, CA and am looking to invest into a multi-family home to house-hack in Orange County, CA to get started.I will need a residential agent and possibly a contractor.I look forward to learning and hopefully working with you all!
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15 January 2025 | 9 replies
Short term rentals are legal when the host is living in the same apartment as the guests and there are no more than 2 guests staying with the host."
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6 January 2025 | 8 replies
There's no way you're going to make a living as a full time investor with just 8 units!