Paul Washington
Look for people to connect with in the Dallas area
20 January 2025 | 2 replies
Worth is the DFW Real Estate Investors Club...normally 2-3 hours including breakfast.
Rene Hosman
How much time do you spend prepping for taxes?
14 January 2025 | 28 replies
This included all the data from the first 6 months of the year as I did not hire her until July.
Bruce D. Kowal
Decoding the tax return of your Syndicated LLC - related party transactions
1 February 2025 | 0 replies
Including the Statement of Cash Flows.
Timothy Villa
Real Estate Novice
31 January 2025 | 12 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
Keetaek Hong
Where (cities) & what (asset types) in Dallas/Houston to invest for maximum apprec!
31 January 2025 | 5 replies
@Keetaek Hong I have a lot of clients who are facing the same challenges but they understand the long game and that it's imperative to build a portfolio, With that lowered interest rate I mentioned you are looking at 30% down and including PM fees will typically have you around break even or barely positively cash flowing.
Kathy Grossart
1031 exchange within an existing SDIRA
27 January 2025 | 5 replies
The 1031 exchange was done as a group irrespective of, and including the SDIRA status, as a tenant-in-common.
Mike Terry
Help Evaluating a small multifamily
18 January 2025 | 12 replies
Quote from @Caleb Brown: Someone else asked but what would market rents be including the extra storage?
Jason Munns
Canadian Lender Finder?
27 January 2025 | 5 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).
Kris Lou
PM Fees in Indy
30 January 2025 | 6 replies
We've seen 3% for 100+ unit apartment complexes, but they also have onsite staff not included in the 3% management fee.Two other pricing options to properly understand:1) Fee charged based upon tenant payments or just occupancy.
Geoff McFarlane
Sell our home or rent it out?
20 January 2025 | 7 replies
Treat this property as a business and factor in all the associated expenses, including mortgage payments (if you pull a loan), maintenance, and potential vacancy periods.To simplify management and make this less of a hands-on job, I’d strongly recommend working with a property management company.