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Results (10,000+)
Gene D Stephens Looking for Advice on Investment/DSCR loans
29 January 2025 | 11 replies
Your initial terms will vary based on your investment experience, but generally, you want to plan on needing 20% of the purchase price if you're a newer investor and the lender will cover 100% of the rehab.
Sabian Ripplinger should i use hard money to grow quicker
23 January 2025 | 7 replies
This will vary based on region but in general 2 – 5 points, 9% - 16% APR (meaning this is the annual rate so divide it by 12 to get the monthly interest amount), and documents fees can be from $600 – $1,900.
Johnathan Cummings Buying portfolio and then selling off a portion to recoup investment?
22 January 2025 | 2 replies
These penalties can vary depending on the loan structure and the lender's terms.
Drew Sygit A Logical Way to Understand & Monitor Your PMC's Maintenance Charges!
26 January 2025 | 2 replies
This will vary depending on if a handyman can do the job or a licensed contractor is needed.
Erick Pena Advice Needed: Identifying "Good Deals" in Real Estate Investing
20 January 2025 | 14 replies
it's going to vary depending on the market and what you're looking for to meet your goals. 
Joshua Nichols Funding Flipping for the First Time
28 January 2025 | 3 replies
Those figures will vary from lender to lender, but that's around where most legit lenders are. 
Robert Spiegel Security Deposit Deduction: What is reasonable for cleaning
21 January 2025 | 10 replies
@Robert Spiegel Great question, and it’s always a balancing act when dealing with long-term tenants who’ve been fantastic overall.Based on my experience managing over 1,200 rental homes in North Texas, including areas like Dallas, Fort Worth, Plano, and Frisco, here’s how I would approach this:Cleaning Charge: While $540 may feel steep, it can vary depending on the size of the property and local market rates.
Tod DuBois Typical Occupancy Rate - and how to calculate?
24 January 2025 | 4 replies
I'm in Los Angeles, so keep in mind it may vary by market.
Lindsey Waltz 85% ltv DSCR
23 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).
Delroy Watson Unfinished Basement conversion
29 January 2025 | 8 replies
While the cost can vary depending on the scope, zoning, and materials, I’ve seen similar projects run anywhere from $50,000 to $150,000, depending on factors like plumbing, electrical upgrades, and structural work.If you’d like, I can connect you with a few contractors or architects in Chicago who specialize in basement conversions.