
24 November 2024 | 2 replies
From my understanding, the IDR plan will factor in my income and family size, making it more affordable.

6 December 2024 | 6 replies
No hidden fees.3) Proactive maintenance—Getting ahead of the problem is so important to save time and money for ourselves, the clients, and the residents.

10 December 2024 | 25 replies
Without diving so deep into the weeds, the biggest factors I tell people who want to start out passively are:1.

7 December 2024 | 15 replies
I myself will be looking into them, evolve is stealing a lot of money from you in fees.

4 December 2024 | 8 replies
Also, what's the typical fee structure for single-family homes?

5 December 2024 | 6 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).

6 December 2024 | 6 replies
Otherwise, if you're assuming third party management, then maintenance is either baked into their fee or charged hourly like a vendor.

4 December 2024 | 4 replies
Don't forget about your LMRC# and your registration fee!

4 December 2024 | 4 replies
Find a military friendly realtor for lower commission fees if possible. 4.