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Results (10,000+)
Juan Lizarazo Book keeping software advice!
18 May 2024 | 11 replies
Because it's a banking and bookkeeping platform I can set up individual bank accounts quickly and easily in Baselane and keep track of revenue and expenses for each property and easily run basic and customizable reports.
David Eyal Tenants broke up and girlfriend refuses to leave the house
21 May 2024 | 10 replies
They can renew as a couple, or one of them can leave and the other renews as an individual.
Sunny Karen Planning to start investing in Detroit - any one use Upside investments?
22 May 2024 | 48 replies
I should mention, Travis had great referrals for lenders, insurance agents, etc. that are hard to come by for first time out of state investors.Nader is the owner of Upside and is one patient individual!
Richie Hecker Is there a list of new permitted development projects in NYC?
21 May 2024 | 4 replies
To search properties individually, you can check out nyc.govHope this helps!
Pramod Prasad Eviction - vandalized property
21 May 2024 | 10 replies
An individual making $60k a year+ will bring less problems (markets may vary).
Andrew Low Refinancing Hard Money Loan into a different loan
21 May 2024 | 4 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.
Sam McCormack Do you require cash flow off the bat for your Properties?
22 May 2024 | 13 replies
Hey Sam,I think we all know that it is different for each individual.
Isan Sahoo What's the STR forecast for 2023?
24 May 2024 | 100 replies
That's a wide spread of outcome.Stick to what you can manage at the individual level.
George Duchatelier Revocable Trust and LLC question
21 May 2024 | 14 replies
@Samir KhoslaWe have a revocable trust and the LLC is owned by the trust and managed by me as the individual.