Bradyn Melser
How to keep going when you hit your DTI (Debt To Income) limit?
24 November 2023 | 22 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 = 1.23The rent exceeds PITIA.DSCR lenders generally let you vest either individually or as an LLC.
Rafael Ramon
What have you tried to increase your STR bookings? Anyone Try a design refresh?
14 December 2023 | 11 replies
Make sure the copy illustrates the problem you're solving and connects emotionally with your audience.
Jon Edmondson
When to Sell a Successful Project and Trade Up via 1031-exchange in Today's Market
13 December 2023 | 3 replies
Improve cash flow (or potential cash flow)And it is this last one that is intriguing right now because it illustrates Warren Buffet's feelings about buying in a market.
Matthew Karmazyn
LLC Operating Agreement Strength
9 July 2018 | 11 replies
I’d just like to throw in that the way you keep records and run the company AFTER formation is just as important, if not more so, that the formation documents.The whole point is to illustrate through documentation that you and the company are separate entities under the law.
Hemang S.
Reasonable percents for repairs, vacancy, and cap-ex
24 April 2021 | 12 replies
The responses to this thread with example numbers illustrate exactly what many others have said about not using a number for one region/property class for another.
Suneet Dewan
Tool for researching which cities and neighborhoods to invest in
20 October 2023 | 1 reply
An example will illustrate the consequence.Suppose you purchase a property with an initial cash flow of $1,000 per month.
AJ Wong
Mortgage Options critical to successful Investing in 2023 and Beyond
1 December 2023 | 0 replies
With rates as high as they are, a review of a amortization schedule illustrates very little principle paid in the first 3-5 years of a conventional 30 year mortgage or ARM.
Keyur S.
Where are the 10% CAP rate markets?
20 January 2015 | 49 replies
@Roy Oliphant - CAP Rate is a market metric which illustrates the behavior of the marketplace.
Hwan Kim
Buying a property now at 7% mortgage rate VS wait until the rates start falling
14 September 2023 | 18 replies
Now, once we get a property under contract, we obtain interest-rate buy-downs from multiple lenders, as illustrated below.We then select the best option and move the loan to that lender.
Dominika M
Is this market too hot for investment
22 February 2014 | 4 replies
I'm using it here to illustrate that it seems like a difficult market to start investing in.