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14 October 2024 | 4 replies
:D After reading a few of Brandon Turner's suggestions it sounds like I need to connect with buyers in the area and really get to know their preferences, buy boxes, contracts etc.
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15 October 2024 | 14 replies
The vast majority of DSCR loans are structured as regular mortgages with the personal income/DTI replaced by the rental income from the property.
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16 October 2024 | 7 replies
Sounds like property manager, so you would need to research market salary for PMs in your area.
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12 October 2024 | 25 replies
Financial freedom isn't just about replacing your current income; it's about maintaining your desired lifestyle for the rest of your life.
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14 October 2024 | 22 replies
Do you save three months of vacancy for each unit and $50,000 for the roof replacement?
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16 October 2024 | 10 replies
- Measurements of all sheetrock, flooring, cabinetry, counter tops, etc that need to be replaced for estimates.We’re both ambitious but also realistic about the risks.
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15 October 2024 | 5 replies
It sounds like you've put a lot of work into this renovation.First, let's break down your options:### Selling the Property- You've estimated a potential profit of $58k, which is a significant return on your investment.- Selling now would give you immediate cash to reinvest or use for other purposes.### Renting the Property- With a projected rent of $1450, you need to calculate the Debt Service Coverage Ratio (DSCR) to ensure it's viable
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15 October 2024 | 6 replies
Go with your gut - it sounds like you have good instincts.
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14 October 2024 | 6 replies
I don't mean to sound rude or insensitive, it's just my outward observations.
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16 October 2024 | 6 replies
Consulting with an estate attorney who understands real estate investment structures can help ensure that your wishes are carried out efficiently.It sounds like you’re on the right track in terms of growing your portfolio, and refinancing into a DSCR loan under your LLC could be a smart move.