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12 February 2025 | 5 replies
It would cost me only $2300 per month which includes rent utilities furnishing and property management. she showed me one example only of a customer who profited greatly.
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11 February 2025 | 20 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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22 February 2025 | 30 replies
My real estate goals include investing in long-term rentals with the potential for mid-term rentals, leveraging my spouse’s career as an OT in the healthcare industry.
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23 February 2025 | 18 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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16 February 2025 | 2 replies
Investments are investments- I think everyone understands that there is no guarantee for the return, but many potential benefits including the payout coming tax-free.
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11 February 2025 | 5 replies
Def dont want some manual emailt tracking from their attorney, would be super basic.Told them id be putting principal payments in it here and there, so want to make sure that is all included, just interest only is not that good.
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7 January 2025 | 28 replies
It's expected and common for MTRs to have utilities included.
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15 February 2025 | 21 replies
I own a property management company in WA, including Yakima.Here’s a rough breakdown of costs:- Management: 15-30% of revenue- Cleaning: $100-$200 per turnover- Utilities: $150-$300/month- Maintenance: 5-10% of revenue- Insurance: $1,500-$3,000/yearTools like AirDNA or Mashvisor can give you a solid idea of income and occupancy.
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20 February 2025 | 3 replies
For an additional $450 they will include the required engineering seals.
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20 February 2025 | 8 replies
However, the 1031 exchange only applies to the real estate component or real property, of the business, not the business itself or its non-real estate assets.In other words, while you can exchange real estate used in your business for other like-kind real estate, the business itself, including goodwill, equipment, and other non-real estate assets, does not qualify for a 1031 exchange.To maximize your tax deferral, focus on the real estate portion of the sale.