Pramod Prasad
Eviction - vandalized property
21 May 2024 | 10 replies
An individual making $60k a year+ will bring less problems (markets may vary).
Sam McCormack
Do you require cash flow off the bat for your Properties?
22 May 2024 | 13 replies
Hey Sam,I think we all know that it is different for each individual.
Andrew Low
Refinancing Hard Money Loan into a different loan
21 May 2024 | 4 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.
George Duchatelier
Revocable Trust and LLC question
21 May 2024 | 14 replies
@Samir KhoslaWe have a revocable trust and the LLC is owned by the trust and managed by me as the individual.
Moises R.
Looking for a $100k DSCR cashout on property i own free/clear
21 May 2024 | 15 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.
Matt Smith
Loan for house hack and/or airbnb
21 May 2024 | 13 replies
Can be individual name or LLC .
John Haelig
Cashing Out in NJ - Sell, Hold or DST?
21 May 2024 | 10 replies
Keep in mind: For the 2024 tax year, individual filers won't pay any capital gains tax if their total taxable income is $47,025 or less.
Clif Charles
Hardmoney to traditional
22 May 2024 | 18 replies
Did you ask the borrower if it’s in individual name or LLC ?
Bukka Levy
Using business credit cards to fund buy and hold. Help?
21 May 2024 | 53 replies
You could each get cards as individual llc’s via individual EIN’s.I haven’t cashed a card out yet but there are various methods.
Sean Osborne
Canadian real estate investor
20 May 2024 | 7 replies
I have significant equity, which I won't fully disclose, but I'm keen to network with individuals in Toronto, Ontario, Canada.