
18 July 2024 | 7 replies
What everyone else said above is accurate and all types of RV parks are more management intensive than a MH park, but to a varying degree depending on the type.

19 July 2024 | 53 replies
On a fix and flip, once we have your experience verified, then we are relying on the appraisal to come back at the investor’s anticipated after repair value to ensure maximum leverage can be offered.

19 July 2024 | 6 replies
Rates can really vary depending on the relationship

19 July 2024 | 12 replies
I like to use a flat amount compared to a percentage since rents can vary depending where the property is located.

18 July 2024 | 9 replies
G'Day Hughston,The best advice I could give would be to not invest out of state unless you buy turnkey.But that's just me being biased.The second best advice I can give is to focus more on the people that you will be working with over the stats/demographics of a specific area.I'm sure that this has been covered many times in the various BP books but to this day it rings true.You will heavily have to rely on the folks on the ground.They will either make or brake your investment so choose them wisely.If you buy the best house, on the best street, in the best area with the best capital growth projections.But your property manager is incompetent or a cheat.You will loose money.So, team first, area second.Much success

20 July 2024 | 22 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.

19 July 2024 | 35 replies
In addition coffee being a commodity varies so extensively on supply and demand, which is also impacted by the aforementioned characteristics i described earlier.

17 July 2024 | 6 replies
If you decide you are ready to rely on a professional approach to management (with a stable cleaning team at all times) we are happy to help!

17 July 2024 | 8 replies
RE investing is varied and you'll find some things that are of no interest to you and others that are amazingly appealing.

20 July 2024 | 32 replies
Making average assumptions, will vary from location to location but premise remains the same.Income: Each side of duplex rent $1500 total rent $3000 per month.