Ke Nan Wang
6 Bedroom 5 Bath Multi Generation Co-living New Construction Investment Project
9 December 2024 | 0 replies
(Zillow and its associates, Turbotenant and its associate, Roomies, Furnished Finder, Airbnb, etc.).
Karin L Mahmoodi
Early Termination (abandonment) of Apartment Prior to End of Lease in Duluth, GA
11 December 2024 | 5 replies
We have an addendum that we serve if this occurs that essentially gives notice that the home has been abandoned, and if we don't hear back from the tenant in the prescribed period we will take the property back per state code.Check to see if Georgia has this same thing.Then update your leases to include this for future tenants.Or find a rental association that provides leases with these baked in.
Raj Vardhan
Cash out Refi
9 December 2024 | 16 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).
Justin Wren
Renatus?
8 December 2024 | 21 replies
They teach people what they want to know without out all the fluff and they have a pretty cool community of mentors and Renatus associates that help you along the way.
Jonathan Cooper
Prorated depreciation for str
11 December 2024 | 16 replies
Reach out to a few and see who you like.You can also ask members of your local real estate investors association for real estate accountant recommendations.Good luck.
Chris Primavera
Considering first time STR investment in Gulf Shores area, looking for advice.
10 December 2024 | 9 replies
The variables associated with beach STR's can be much more unpredictable.
Tyler Jahnke
Morris Invest Case Study 2.0
30 December 2024 | 819 replies
Add in the other folks he associates with,Wheelright, Kiyosaki, Sutton, and he's made himself the "authority" on TK.
Stuart Udis
If you are buying lower cost SFH's what is your exit?
9 December 2024 | 20 replies
They don't associate cheap with undesirable.
Ryan Goff
Grocapitus - Anyone have experience with them?
31 January 2025 | 170 replies
@Anna McClure Are you associated with Grocpitus?
Katharina Bormann
General non-responsiveness from tenants in adhering to agreement
10 December 2024 | 9 replies
@Katharina Bormann in my experience they don't like those official looking letters in the mail so make sure you do that and also have a cost associated with unresolved issues like trash in your lease.