Tara Jenkins
The Cycling Mermaid
30 January 2025 | 1 reply
I also worked with a great lender who helped navigate financing options, including my HELOC, to make the deal happen.
Andrew Bosworth
Best current commercial lending options for small/mid-sized apartments?
30 January 2025 | 5 replies
We can also include rehab financing, if there is any value add opportunities with this deal you have on the table.
David Torreggiani
Wholesalers Dallas or Houston?
10 January 2025 | 5 replies
Quote from @Pablo Avila: There are plenty including myself!
Khyree Randall
Wholesaling around a 9-5
29 January 2025 | 5 replies
It essentially includes having a buyer for a specific property BEFORE entering in a contract with a seller.
Lindsey Waltz
85% ltv DSCR
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).
Jessica Young
HOA votes to bylaws change bans smoking but a renters' lease
29 January 2025 | 5 replies
I'm not sure why "within the unit" is not being interpreted to include the balcony.
Joseph Manuel
Real Estate Salesperson License/Do I have to disclose if
15 January 2025 | 2 replies
Once you become licensed you subject yourself to all the laws required of licensees, including the requirement of broker supervision.
Mike Terry
Help Evaluating a small multifamily
18 January 2025 | 12 replies
Quote from @Caleb Brown: Someone else asked but what would market rents be including the extra storage?
Paul Washington
Look for people to connect with in the Dallas area
20 January 2025 | 2 replies
Worth is the DFW Real Estate Investors Club...normally 2-3 hours including breakfast.
Matthew McCarty
Started out, need advice. Already have one property and have 100K in the bank.
28 January 2025 | 6 replies
I pay $875 (including principal, interest, taxes, and insurance) and rent it out for $1,625.