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4 April 2024 | 7 replies
You could always find individuals and then start one, or join FB groups and then try to find members that are local.
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4 April 2024 | 8 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.
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4 April 2024 | 14 replies
Please let me know if anyone has experience working with these individuals or any other good attorneys.
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3 April 2024 | 9 replies
According to Linkedin and the profile of one of the individuals Rey Grabato, the company was founded in 2006, NRIA has grown to be one of the nation’s leading specialists in institutional-caliber private real estate investment management with over $1.25B AUM*, focusing on luxury townhome, condominium and multifamily acquisition and development in many supply constrained, high barrier-to-entry markets along the east coast.So what could have investors done in this instance?
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4 April 2024 | 14 replies
The individual broker is well known and trusted.3.
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3 April 2024 | 5 replies
If you are wanting individual cities in NV - I could probably shed more light on recent discoveries.
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3 April 2024 | 9 replies
Hey nice to meet you all, I've been listening to the Bigger Pockets Podcast for a while now and I finally decided to make a profile on here and I am excited to get to know some like minded individuals and also learn from more experienced investors.
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4 April 2024 | 20 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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3 April 2024 | 7 replies
Hi Reid, I am currently in the mobile home space buying individual units that have to be moved or that can stay in the park.
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3 April 2024 | 4 replies
There's no one-size-fits-all answer, it ultimately depends on your individual circumstances.