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30 January 2025 | 34 replies
So if we have a $475 bill for an owner you could click on that amount and see the invoice/bill that's associated with it and get some more information.
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20 January 2025 | 23 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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24 January 2025 | 9 replies
Fractional TICs give owners the financial independence that has been associated with condos, without the need to wait for a condo conversion, a process which can take anywhere from 2 to 10 years depending on the specific requirements for the subject property.
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12 February 2025 | 75 replies
At your local REIA(real estate investors association) meetings, you will always meet cash buyers, land lords, etc.you can use to start a buyer’s list.Option 2: You can partner up with someone who already has a cash buyer’s list.
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29 January 2025 | 47 replies
Definitely join your local chapter of REIA (real estate investors association) or join one of the ones that are fully online (Columbus and Cincinnati).
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17 January 2025 | 2 replies
A common misconception is that real estate properties under $1M have a smaller tax basis and therefore do not benefit from a cost segregation study due to the associated fees.
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15 January 2025 | 49 replies
If not, please PM me the email address associated with your your Stessa account and I will work with Stessa directly to get you set up.
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21 January 2025 | 14 replies
It would be far better for you to join NARPM - National Association of Residential Property Managers SE Virginia Chapter and join as an affiliate.
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21 January 2025 | 14 replies
Therefore, you will want to confirm that the trust company allows for investing in an LLC and the associated fees and minimim balance that applies to the IRA account.2.
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16 January 2025 | 9 replies
Have you had a chance to check out any local meetups or REIA (Real Estate Investors Association) events?