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30 January 2025 | 6 replies
Because we are vertically integrated, we can streamline operations and avoid many unnecessary costs, ultimately saving our clients money.Another crucial factor to consider is the experience and investment mindset of your PM team.
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28 January 2025 | 19 replies
After this conversation and having an agreed upon vision, save it as a "Version" of the vision on that particular date.
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19 January 2025 | 18 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).
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3 February 2025 | 8 replies
Consulting a tax professional now can help structure ownership and financing efficiently, ensuring you take full advantage of deductions, depreciation, and potential tax-saving strategies like 1031 exchanges in the future.This post does not create a CPA-Client relationship.
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27 January 2025 | 1 reply
Eliminate debt, establish a budget, and save.
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15 January 2025 | 1 reply
Now that I am in position, I would like to place a mobile home to generate some passive income, but I don't want to use my savings for the down payment.
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21 January 2025 | 20 replies
Just have $$ in savings
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31 January 2025 | 26 replies
Not necessarily a scam, maybe someone trying to save fees.
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31 January 2025 | 2 replies
Co-living is how I went from renting a room, Delivering Dominos, no savings, and not being able to qualify for a loan to financial freedom & a $2M net worth in 15 months.
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7 February 2025 | 7 replies
If you want to take pictures of some of the work you did, you could save that in a Google drive as well.