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14 February 2025 | 25 replies
Here $10 is reasonable) to each unit's monthly cost for the work to handle this utility cost and associated billing and put this in writing in each lease renewal.
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4 February 2025 | 17 replies
It would for sure have to be a higher hourly rate than a typical W2 job however as agents are 1099 contractors and there are expenses associated with maintaining our licenses and operating our businesses that usually come out of our commissions.
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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).
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17 January 2025 | 13 replies
(We are working on a generalized survey to collect info on our buyers/potential buyers so we can make sure we understand who our customers are while trying to dial in their preferences and patterns.)You are doing great things.
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29 January 2025 | 10 replies
@Chris Magistrado - I think there is too much risk associated with remote flipping.
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23 January 2025 | 3 replies
It seems that there is some risk associated even if it cash flows because our names will still be on the mortgage and affecting our DTI ratio.
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24 January 2025 | 21 replies
Diversifying your portfolio can also be beneficial, as it helps mitigate risks associated with market fluctuations.
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16 January 2025 | 7 replies
I was delighted with their service and be happy to do a introduction for you to my contact manager (I am not associated with the company nor do I receive a referral fee).No business cards but line of credit yes.Revolving LOC?
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23 February 2025 | 39 replies
I posted a Youtube video on this if anyone wants to know actual procedures and costs.Gotta order and pay for Phase I, ALTA survey, EM deposit, review PSA, etc.
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9 February 2025 | 36 replies
Students are so scared they don’t say anything in hopes their family won’t lose it all.After four years of running a deceptive business and getting students locked into deals with them and their employees or associates, the owners are trying to split up and there's a lawsuit between them.