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3 May 2024 | 5 replies
In an owner occupied unit, you can have 3 unrelated individuals.
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3 May 2024 | 6 replies
@Michael ChavisAs a novice investor venturing into the real estate realm, immersing yourself in a community of like-minded individuals is paramount.
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3 May 2024 | 6 replies
What kind of relationships do they have with maintenance groups or individuals?
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3 May 2024 | 1 reply
My goals are grand, ambitious, and future proof.I plan to build affordable homes in a way that is self sustaining, and desired by many.I plan to invest into Single family homes, and multi family homes to get the individuals who live in them a better life.I live in Utah, so the market is not the best.
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1 May 2024 | 7 replies
Quickbooks is the market share leader when it comes to accounting / bookkeeping.The reason this can be considered important is that if you need an accountant to review, make corrections, transfer the accounting to a third-party, it would be easiest with quickbooks.The desktop version will be more affordable than the online version.Best of luck.
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3 May 2024 | 11 replies
If we go back to managing STR's that we will just use the individual sites to manage the bookings.
3 May 2024 | 8 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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5 May 2024 | 64 replies
Many RETA members including myself went through hell and back dealing with this individual.
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2 May 2024 | 8 replies
Customizable funds like those provided by Avestor combine the best features of traditional blind funds and individual syndications, providing individuals the ability to pick and choose individuals deals and still get the benefits of the fund like a single K-1.
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3 May 2024 | 12 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.