Marshall Robins
Construction Lenders - Some Basic Questions
20 December 2024 | 3 replies
I would think that local chapters of builder's associations would be a good spot as well.
Samuel Gebretnsae
Seller said "He is not required to disclose water damage repair done"
8 January 2025 | 27 replies
(Excluding FEMA insurance claims)We recently sold a home we foreclosed on in Georgia and I am pretty sure they had a specific form for disclosure of insurance claims we had to complete (my associate did all the paperwork but asked me about the form). not sure if it was fema or not.The form if there was one was optional, because Georgia is a Caveat emptor state.
Richard Gann
3 Factors to Consider in Exchanging Your Oregon Rental Property
16 December 2024 | 1 reply
These risks include, but are not limited to, lack of liquidity, limited transferability, conflicts of interest and real estate fluctuations based upon a number of factors, which may include changes in interest rates, laws, operating expenses, insurance costs and tenant turnover.Investors should also understand all fees associated with a particular investment and how those fees could affect the overall performance of the investment.
Jonathan Greene
Why You Need a "Deal Killer" In Your Life as a New Investor
2 January 2025 | 37 replies
It didn't go over your head, it's right in front of your face.
Samuel Coronado
Looking at another park
13 January 2025 | 8 replies
That said, the increased rental income typically associated with POHs vs TOHs partially offsets these additional costs, though the long-term financial implications and operational risks tied to POHs require careful evaluation.
Thomas Malone
Anyone experienced with Lee Arnold's system
11 January 2025 | 55 replies
He has even helped an associate of mine who was hospitalized the week she was taking Master Broker.
Robert Nelson
Pros and cons of a condo for your first investment property ?
23 December 2024 | 7 replies
Cannot control association fees3.
Danny Goss
Starting out + choosing a strategy
26 December 2024 | 6 replies
This approach will help minimize the potential financial risks associated with renovations and working with contractors.
Jonathan Warner
Im considering private lending
16 December 2024 | 8 replies
Also American association of private lenders is one trade group,Thanks for the response, Chris.
Matt Wan
Getting a mortgage as a non-resident US citizen
23 December 2024 | 15 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).