Jeremy Jareckyj
Mid Term Rental Agreement
29 December 2024 | 15 replies
In some areas certain provisions MUST be included in a lease.
Troy Smith
Refinance step of BRRR
13 January 2025 | 11 replies
Include before-and-after photos, receipts, and a list of all the work done.Curb Appeal: First impressions matter.
Kendric Buford
Multifamily Newbie - Tips & Feedback (Out of state/Ohio)
1 January 2025 | 12 replies
I've tried to include relative information, without writing a novel.
Chris Allen
Selling Home on Sub-To
9 January 2025 | 9 replies
Penalties of these Federal charges may include:30 years in prisonUp to $1 million in finesIt's a Federal crime.I'm not currently at foreclosure, but am recently out of state starting grad school, no income, and home needs repairs that I simply do not have the money to make.
Julie Muse
Outlook St: Quick Flip Success in Mission, KS!
13 January 2025 | 1 reply
Partner Driven covered 100% of the financing, including the $220,000 purchase price.
Marisela Arechiga
To ADU or to Purchase Another?
14 January 2025 | 8 replies
Make sure you know the impact that adding an ADU will have on any rent control. 12) investors seldom include the land value in the overall ADU costs.
Aaron Raffaelli
DSCR Loan for a first time REI
19 January 2025 | 18 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).
Jonathan Small
50% Rule vs DSCR > which do you use to calculate a good rental
15 January 2025 | 4 replies
Though at 1525/mth it is projected to cashflow a little less than 100/mth -- the numbers do not include what I like to call reality numbers (vacancy loss, maintenance, capex reserves).
Joseph Beilke
Costa Rica Info
11 January 2025 | 11 replies
Our total invested into this property is 1.14 million among 10 investors (this amount does include a 250k seller carry loan to be paid off by the 2 of the investors over 5 years).This property was up and running starting December 15 and we have had it pretty booked since then.
Aaron Wolman
Looking to split utilities for the first time
19 January 2025 | 2 replies
I don't remember the exact cost when I did it but I remember thinking it was cheaper than expected.I didn't see a comment mentioning that you should just include utilities in the rent and increase it based off that so I'll be that guy.