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4 December 2024 | 6 replies
Practice tips include budgeting, saving, and leveraging strengths.
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5 December 2024 | 6 replies
@Aristotle Kumpis Good info.
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4 December 2024 | 4 replies
Thanks for this info, Rob.
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6 December 2024 | 36 replies
However, we have over 1 million points saved up through ordinary spending.
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2 December 2024 | 6 replies
@Nedim Tokman 90% of people that buy courses - never do any investing to use them:(I have paid for courses in the past, with the understanding that I was paying to get the info faster than I could research it myself.
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5 December 2024 | 24 replies
If you can send me some details on it I would send them PMs and see if I get a bite and happy to pass on the info if I do.
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9 December 2024 | 16 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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5 December 2024 | 34 replies
The price to savings ratio, at least in the Northeast isn't there.
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9 December 2024 | 15 replies
Eviction not possible or it was about saving 12-24 months of time?
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5 December 2024 | 2 replies
Aim for a 620+ credit score, save for a down payment, and research markets with strong rental demand.