
15 May 2024 | 6 replies
Makes it easy for me to talk to all of them at once, and then I don't get 4 individual tickets for a broken toilet.

15 May 2024 | 2 replies
Ideally this would be a service that charges per individual background directly to the applicant before hiring.

15 May 2024 | 6 replies
It's great to find a place where like minded individuals can get together and share thoughts and ideas and I look forward to hearing from you all!

15 May 2024 | 7 replies
I have a clause that authorizes me to contact that person in case of "death, incapacitation, or incarceration" and work with that individual to coordinate removal of belongings, payment of rent, or even a refund of deposit.When someone dies alone, there is always a police investigation to ensure no foul play.

15 May 2024 | 16 replies
And then an accountant has to split the K1 into each individual members' K1s.

15 May 2024 | 10 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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

15 May 2024 | 9 replies
You'll encounter setbacks and face numerous rejections and criticisms.

16 May 2024 | 14 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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

15 May 2024 | 4 replies
You'll need to provide Entity Docs for each LLC that is a part of the transaction so that the underwriters can review them all the way down to the natural individuals/warm bodies.

16 May 2024 | 32 replies
Here is the thing @Dylan Lersch...everything ends up being a mindset.In my mind, you can't get the wrong house BECAUSE that's the one got lol and things will come up and because you have a growth mindset you know you will avoid them the next time...The only way I've found to avoid mistakes is to learn from other people, get as many smart people around, and ask as many questions as possible...BUT still, at the end of the day, each one of us has our own individual journey you can get as many smart people and ask as many questions but nothing replaces experiencing things yourself.The people I have seen scale the quickest, but systems in place the fastest.