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17 May 2024 | 7 replies
I'm a young individual who is deeply interested in investing in long term multifamily.
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16 May 2024 | 7 replies
Hey Anthony, If you closed on your flip last Friday, I presume it was under your individual name, correct?
17 May 2024 | 5 replies
How are people finding and verifying a bookkeeper that works with individuals that run multiple STR’s.
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16 May 2024 | 7 replies
@Rich DavisIt completely depends on the individuals goals and the market they want to invest in.
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17 May 2024 | 1 reply
What are going to be the roles of each individual?
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16 May 2024 | 2 replies
However, I also recognize the value of seeking advice and perspectives from others who may have more experience or different insights to offer.I'm particularly interested in hearing from individuals who have experience with waterfront properties, investments in the Central Florida region, or any insights on factors that contribute to property appreciation and long-term value.Additionally, if anyone has tips on structuring partnerships or attracting potential investors for such opportunities, I would greatly appreciate your input.Please feel free to share your thoughts, experiences, or any advice you may have.
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16 May 2024 | 7 replies
Here are some Propstream filters that a lot of my investor clients have found helpful: VacantNon-Owner OccupiedHigh EquityOff Market# Years of Ownership, Minimum 5 YearsMaximum Value = Median House Price for Entire MarketOwnership Type = Individual & TrustSingle Family homesYear Built Before 2000Minimum 3 Bedroom, 2 BathroomThese can be great opportunities.
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14 May 2024 | 3 replies
last thing I need to set up is book keeping, QUickbook desktop good?
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16 May 2024 | 4 replies
Get with a good agent who understands short term rentals because the more of these you do then you can scale the insurance under a Business Owner Provider Policy (BOP) and then you don't end up with a dozen individual policies out there for each property that cost you a fortune.
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16 May 2024 | 9 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.