
22 July 2024 | 120 replies
There needs to be mechanisms to be able update a property and raise its rent to market that isn’t overly harmful to tenants or landlords, and then you’d have a good functioning market.There IS a mechanism that takes into account population increases and decreases, wage increases and decreases, cost of living, taxes and a whole slew of other factors that no law could come close to factoring in.

22 July 2024 | 82 replies
Don't dress it up as fact or data.You think it is illegal.
16 July 2024 | 3 replies
All it means is that you're in a niche market so one of the most important factor of success for you will be to understand your niche and do your best to satisfy their needs.

16 July 2024 | 0 replies
This will assist investors in making informed decisions and to potentially identify lucrative investment opportunities.More Accurate Property Valuations: Property values are assessed more accurately when utilizing AI tools as they are able to take into account multiple factors including market conditions, location and the features of a property.

17 July 2024 | 5 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).
15 July 2024 | 5 replies
For LTRs, the 1% rule is a good starting point, but also consider the property's location, market trends, and economic factors for potential appreciation.

17 July 2024 | 20 replies
Being able to put 3.5 down AND having rehab costs factored in make it a slower way to BRRRR but perfect for someone that doesn’t have a lot of capital.

14 July 2024 | 5 replies
Recognize the state of the market that might influence your decision to refinance and relocate.

18 July 2024 | 40 replies
In 5 years: $100 x (1 + 4%)^5 ≈ $122 or a 22% increase.In 10 years: $100 x (1 + 4%)^10 ≈ $148 or a 48% increase.Unless your rents increase faster than inflation, you will not have the dollars to pay inflated prices and sooner or later you will have to go back to work.The key factor for rent growth is significant and sustained population growth.Sufficient to Replace Your Current IncomeYou will likely need multiple properties to replace your current income.

17 July 2024 | 9 replies
These two factors lead to historical higher default rates.