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8 January 2025 | 5 replies
What factors should I consider when setting rent per room?
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15 January 2025 | 144 replies
Do the calculations factor in default rates?
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6 January 2025 | 0 replies
When under contract at 300k with the expectation that codes would be the determining factor on what can be done on with the property, as it relates to new construction.
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25 January 2025 | 91 replies
An audit could be triggered by a number of factors that don't line up when run through the IRS's system, and create an exception.
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9 January 2025 | 4 replies
Compounding on one another sure that will have a big impact on the market but there are a lot of factors at play.
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6 January 2025 | 0 replies
When under contract at 300k with the expectation that codes would be the determining factor on what can be done on with the property, as it relates to new construction.
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20 January 2025 | 14 replies
Deal analysis is a huge factor and takes practice.
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22 January 2025 | 12 replies
Your relo benefits will likely govern this decision more than other factors.
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19 January 2025 | 9 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.
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7 January 2025 | 0 replies
This property will require a pool to fully optimize its earning potential, and I've already factored that into my calculations.