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9 April 2024 | 5 replies
If this is not the case, would you still recommend (as I suggested above) I start out in SFHs by renting out individual rooms on a 6-12 month long term basis?
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9 April 2024 | 2 replies
I am currently getting A LOT of quotes and looking to find a contractor/construction individual to help with this project over the summer.
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9 April 2024 | 0 replies
By embracing change, leveraging technology, and focusing on sustainability, individuals and businesses can not only navigate but also master the market's complexities.
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9 April 2024 | 13 replies
Yes licensed individuals in different states can pay referral fees to other licensed individuals.
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8 April 2024 | 2 replies
Using legal services as an example, this individual can draft the contracts or this individual might be experienced in entitlements where they are able to obtain a variance that doubles the property value.
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10 April 2024 | 11 replies
You earn 365 days/yr, albeit at lower ROI than if you invest in individual loans.Having been through a couple of stock market downturns, I’m out of the market for good, all in with RE.
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8 April 2024 | 4 replies
Currently, I've been outsourcing this task, but due to some recent success with helping people close on houses, I want to reinvest my earnings in a company or individual who can handle this for me.Specifically, I'm looking for a small business that could benefit from some financial backing to expand their operations.
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9 April 2024 | 11 replies
This criteria is for 1-4 and 5-8 unit programs.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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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8 April 2024 | 8 replies
I did read in the IRS tax code that expenses like furniture have to individually be less than $2,500 to be expensed instead of having to be capitalized.
9 April 2024 | 13 replies
I do not like this individual and I think it is time for him to vacate the property.