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31 January 2025 | 4 replies
Driving relevant traffic to both a website and socials is hard without throwing some money behind it.
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29 January 2025 | 7 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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25 January 2025 | 6 replies
Haven't made the drive in a few years though.
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10 February 2025 | 7 replies
But you typically want to be easy drive to some major metros.
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10 February 2025 | 6 replies
No improvements needed that could drive up values (and your equity)?
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4 February 2025 | 6 replies
The plumber determined that the issue was caused by someone driving over the cleanout, breaking the pipe.
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29 January 2025 | 27 replies
I would be cautious buying in the saturated areas because there are so many similarly sized properties that price is becoming increasingly the deciding factor.
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2 February 2025 | 6 replies
Just drive by to see.
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1 February 2025 | 9 replies
I'm sure they are out there but this is just a rule of thumb and I would rather use J Scott's approach when he analyses deals outlined in his book.You factor in your desired profit as a cost and you work backwards.
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30 January 2025 | 1 reply
With my background in hospitality and a drive to create exceptional guest experiences, I decided to take the leap.