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9 June 2024 | 18 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.
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7 June 2024 | 11 replies
Search Engine Optimization (SEO) is the key, and that will take a tremendous investment that likely will cost more than the reservations that you get.For an individual, self-managed property, you are pretty much wasting your time; the major channels are paying Google tens of $ millions per year to dominate the rankings.
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8 June 2024 | 21 replies
Are you looking to incorporate the BRRRR strategy and expand your real estate portfolio?
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10 June 2024 | 49 replies
even when I come down to miami we can make the deals work through density and ground up development but when I speak to individual investors without a lot of experience in construction they end up building in columbus not miami because of this exact reason the price point of land is more conducive for a newer investor who even though they may have the cash wants to do something smaller
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7 June 2024 | 5 replies
It is a difficult time right now for individuals looking to purchase a home.
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7 June 2024 | 3 replies
I felt this was going completely overboard and that this guy should have spoken privately with the other individual instead of putting the guy on blast in front of everyone.I had a private conversation with the difficult tenant.
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7 June 2024 | 8 replies
If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.
5 June 2024 | 3 replies
If so, can you elaborate on how you use them as I am unfamiliar with how to incorporate them?
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6 June 2024 | 11 replies
We are finding that working with individuals in pre-foreclosure has been fruitful and there are so many people that have 40% equity or more.
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5 June 2024 | 6 replies
There’s BatchleadsBatchDrivenBatchdialerBatch skip tracingWhy are there so many and why isn’t it incorporated into one, maybe two platforms?