Hello,Anyone who invests in Jacksonville Florida have experience with buying SFH's in the area that were built in the 1940's and 1950's? 

Hey John - I am seeing mid 7%s for DSCR with 20-25% down, so mid 9%s is a couple percent higher than I am seeing!

If your certain you are doing this I would recommend just doing a cash out on your properties, around mid 7's.. having the funds available and put them into a savings account earning 4-5%..

But you also have to track your material participation time in your property(s) if you're trying to qualify to use your real estate tax loss to offset your other income. 

Unless you choose to have the LLC taxed as a corporation, the income and deductions (including depreciation) flow through to the LLC's owner(s).Second, you can invest the inherited IRA as a self-directed IRA, even though you are not the decedent's spouse.

(and yes, DSCR are personally guaranteed) The number of financed properties calculation includes:the number of one- to four-unit residential properties where the borrower is personally obligated on the mortgage(s), even if the monthly housing expense is excluded from the borrower’s DTI in accordance with B3-6-05, Monthly Debt Obligationsthe total number of properties financed (not the number of mortgages on the property nor the number of mortgages sold to Fannie Mae), with multiple unit properties (such as a two-unit) counting as one property;the borrower’s principal residence if it is financed; andthe cumulative total for all borrowers (though jointly financed properties are only counted once).

@Ricardo S. 3 months.

I really just want to add 2 piers tat would be the size of medium size tree trunks and elevate that section over. 

Originally posted by Wes S.: Tenants can throw a rug and take their stains and smells with them when they move out...

We're also only in our 20's, and I don't say this to brag, just to express to you that it IS possible to actually do big deals in the multifamily space if you're willing to work and if you invest in the right network/mentorship. https://thinkmultifamily.com/d...Hope this helps!