
7 January 2025 | 7 replies
Pay attention to your weekly and monthly discounts as well.

11 January 2025 | 4 replies
After selling one and using a 1031 exchange to buy a fourplex in Chicago, he reduced his interest burden by 20% while boosting his net incomes by $1,500 per month.

9 January 2025 | 44 replies
After the loan is drawndown I need to immediately start making monthly payments for the next 60 months.

6 January 2025 | 15 replies
A solid buyer-agent agreement will outline what they charge and their intent to negotiate as much of their fee as possible from the seller.

12 January 2025 | 3 replies
TikTok probably the 3rd largest in monthly viewership, those eyeballs need to go somewhere.

11 January 2025 | 4 replies
Even the nicer homes don't rent for over $2,750 a month there.

5 January 2025 | 12 replies
My best property has appreciated over $10k/month.

7 January 2025 | 2 replies
Direct mail to this address for 8 months.

20 January 2025 | 23 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).

31 December 2024 | 13 replies
Since our residents are traveling "light" to a furnished property, their coverage only costs a few bucks per month.