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3 February 2025 | 37 replies
Combine those factors and start thinking of nightmare scenarios, because they are very real and you must be proactive in policing against there potential to occur.
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18 February 2025 | 9 replies
Ensure your projected cash flow covers expenses, including higher insurance and management fees.If you have anymore questions, shoot me a DM or email!
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18 February 2025 | 7 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).
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21 January 2025 | 59 replies
I know of no RE investor that had RE before the crash that did not exit that would agree with your statement including this investor.
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20 February 2025 | 15 replies
Forgot to mention, most accountant, myself included, have a secure portal to upload documents, many of the documents come in electronically anyway, so it really is very easy
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20 February 2025 | 5 replies
Our buy box specifically focuses on vacation destination accommodations - including boutique motel/hotel, campgrounds, treehouses, cabins, etc.
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7 February 2025 | 5 replies
In my firm, you would probably pay around $3,500 for this tax preparation, including Form 3115.
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8 February 2025 | 2 replies
If the landlord or their employee did the work themselves, they must include a description of the work, how long it took, and the hourly rate they charged.
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24 February 2025 | 7 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
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14 February 2025 | 5 replies
Other options include the BRRRR strategy, which allows you to recycle your capital by refinancing after renovations, or partnering with an experienced investor to scale faster.