Andrew P.
cash out refinance investment property
8 March 2024 | 14 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.
Engelo Rumora
WTF is wrong with investors these days?
9 March 2024 | 261 replies
This post illustrates why if you buy a turnkey property you probably should find your own tenant and do the property management yourself or hire a manager you trust.Turnkey providers are about the flipping.
Marcus Gendke
Economic Headwinds Abound
6 March 2024 | 0 replies
As illustrated in the chart above, each instance of an inverted yield curve has typically been followed by a recession.
Eric Hipolito
DSCR Loans / Lender Recommendations
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.
Emily Anderson
Full STR analysis in Okaloosa Island, Florida, WITHOUT using AirDNA.
4 March 2024 | 18 replies
Here are some observations:The leading 8 listings have accumulated between 40 and 57 reviews in the past year.5 out of 8 listings feature 2 bedrooms and 2 bathrooms.2 out of 8 listings are studios, with the top-performing studio amassing 44 reviews in the past 12 months.The average daily rate spans from $116 up to $526.Next, let’s examine the most prevalent amenities among the 30 listings in this vicinity.The chart below illustrates the top 100 most common amenities in this neighborhood.
Tristan Bennett
DSCR Home loans
29 February 2024 | 10 replies
The longer the term, the less of an impact on the rate.I've included an example below to help illustrate this.
Jack B.
Looking to 1031 my Seattle AREA properties to another state for cash flow and retire
29 February 2024 | 22 replies
This approach maximizes your odds of always having a reliable tenant in your property.SummaryThe image below illustrates the three steps to choose properties that can generate the income needed for financial freedom.Follow the numbers to achieve financial freedom, not the opinions of others.
Jacqueline Gonzalez
How to become an investor-friendly agent
27 February 2024 | 13 replies
I tell you this to illustrate I am not, by any means, an expert on investing.
Grant Stuard
How are people scaling so fast?
28 February 2024 | 130 replies
I can provide you with some specific examples and illustrations if that helps.
Joaquin Santoy
Buying real estate in Tulum?
26 February 2024 | 11 replies
If the market involves in a way I don't like, I can go and invest elsewhere.The results you mentioned are great but it's the percentage return that matters, not the amount of dollars. 5 properties with double digit returns are great but again, people need to be cautious when looking at this.Let me illustrate what I mean with one of my own examples, a recent acquisition in Spain, because it perfectly illustrates the point I'm trying to make here.