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15 March 2024 | 31 replies
Many of the seasoned local investors, and high network individuals i know have started their journey in real estate investing, with buying owner occupied properties here locally.
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14 March 2024 | 7 replies
House hacking is a fantastic strategy for individuals looking to start building wealth through real estate while minimizing their living expenses.
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14 March 2024 | 18 replies
The term "seasoning period" usually refers to the amount of time you're required to hold a property or a loan before you can refinance it, especially in the context of the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy.During the BRRRR strategy, individuals typically purchase a property using hard money loans (high-interest, short-term loans used for property investments) to fund the purchase and renovations.
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13 March 2024 | 11 replies
The same properties nurses like should also attract other individuals or couples traveling for other reasons.
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12 March 2024 | 8 replies
It would have to come from an individual.
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13 March 2024 | 55 replies
I have just recently begun to familiarize myself with the investment world, and I have already connected with several wonderful individuals who are willing to share their knowledge and expertise with me.
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12 March 2024 | 10 replies
Looking to connect with likeminded individuals who can give me advice, share their experiences and the Do's and Don'ts.
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14 March 2024 | 50 replies
You could also create an individual spreadsheet for all 15 properties and have them all flow into a combined master sheet.
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13 March 2024 | 9 replies
First and foremost, it's been a blessing connecting with so many individuals in this space.
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13 March 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.