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6 March 2024 | 13 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.
5 March 2024 | 4 replies
In this case, it ultimately depends on the specific policies of the apartment complex or landlord.Some landlords may consider the overall average credit score of both applicants, while others may require each individual applicant to meet the minimum credit score requirement on their own.
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5 March 2024 | 28 replies
Lawyers and plaintiffs don't only go after individuals/businesses with deep pockets4.
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7 March 2024 | 29 replies
Keep in mind that "class" when it comes to neighborhoods is pretty subjective to the individual investor.Good luck on your journey!
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5 March 2024 | 4 replies
Higher interest rates and shorter terms are part of the deal, but they can get you that quick cash you need for the purchase and rehab.Then, there's private money, which might come from individuals like your dad or other investors looking for a solid return.
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5 March 2024 | 2 replies
We hired individuals with construction and renovation backgrounds to inspect the work of our project managers in an attempt to catch flaws before listings hit the market.
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5 March 2024 | 9 replies
AirDNA is not perfect - but neither is going through individual listings and trying to guess what days are real rentals vs blocked, etc I pay for AirDNA and when I compare my properties annual revenue with what AirDNA says I do - it is pretty much spot on.
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4 March 2024 | 4 replies
I’m a green individual actively on a path to obtaining my first investment property.
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4 March 2024 | 2 replies
The idea is for my sister and I to combine all three properties revenue, risk and maintenance in one LLC and pool the money to buy out the siblings AND keep separate deed/titles to our individual properties to do with as we wish after the 5 year buyout.
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4 March 2024 | 11 replies
While specific revenue targets can vary based on individual circumstances, here are some general guidelines to help you analyze potential deals:Recognize St.