
5 January 2025 | 8 replies
They mentioned how Dom helped them narrow down neighborhoods for a multi-family purchase and even flagged potential zoning issues before they made an offer.

8 January 2025 | 13 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).

4 January 2025 | 2 replies
For some of you investors that are purchasing in the Midwest, I'm curious what you're seeing as average cash on cash values for more purchases made with cash.

4 January 2025 | 20 replies
Did you have an agreement in writing signed by both you and the designer regarding payment schedule and purchases?

4 January 2025 | 0 replies
Purchase price: $154,431 Cash invested: $122,578 Sale price: $309,100 Hurricane flooded fix and flip.

19 January 2025 | 354 replies
when i do seller carrybacks I get hammered by yellow letters soliciting the purchase of my notes. we just sold one and the buyer got a 22% apr..

4 January 2025 | 16 replies
But to my surprise same properties are purchased by another with in a few weeks.

6 January 2025 | 25 replies
I've flipped 6-8 houses, made good profit on those, and just purchased my first 4-unit multi for mainly cost seg purposes/long-term appreciation.

6 January 2025 | 0 replies
Purchase price: $85,000 Cash invested: $65,000 Sale price: $200,000 Contributors: Peter Vekselman Partner Driven and Seth Choate acquired a property on Highway 64 in Lewisburg, TN, for $85,000 on 07/22/2024.

5 January 2025 | 5 replies
I know my purchase price but I'm trying to work backwards from there.