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4 February 2025 | 8 replies
It’s all BS.If AI truly worked, there’d be no need for DMM, D4$, cold calling, or any of these other methods.
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29 January 2025 | 12 replies
But if your PITI is $105k, then not so much.
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2 February 2025 | 0 replies
I am trying to hire a licensed REA for my LLC to perform occasional open houses and move-in/move-out inspections since I am out-of state from my rental property.I have the REA identified, now I just need to know the steps to creating a contract for them and me to sign.
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21 January 2025 | 6 replies
But I knew that in the state laws regarding land locked property, and I knew how much of the property I could build on, and how big a house I could build.
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29 January 2025 | 9 replies
If you're going to need a mortgage, you're locked out of the game.
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19 January 2025 | 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 = 1.23If 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).
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28 January 2025 | 4 replies
But it is very much applicable to single family rental and residential units simply by getting bridge financing and a post transfer cash out refi.
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20 January 2025 | 7 replies
Try to put a bigger down payment in than you might need to give yourself some breathing room.2.
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7 February 2025 | 6 replies
This really puts things in perspective and helps me what I would need to do if I consider utilizing this strategy.