Jake Thorpe
Tax liens - what do you know?
14 January 2025 | 5 replies
Some of the properties that I have seen on Tax Sale include:1.
Vanessa Pierson
Advice - Long Term Rental in Tough HOA or Sell
22 January 2025 | 3 replies
True, but (a) they were typically experienced investors, and (b) today's market includes record prices and high mortgage rates, which is a double whammy.
Travis Boyd
How effective can MTR be with small multifamily properties?
7 January 2025 | 16 replies
I really like having multiple opportunities to make income from 1 property, including a worst scenario of converting all the units to LTR.
Aaron Raffaelli
DSCR Loan for a first time REI
19 January 2025 | 18 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).
Aaron Wolman
First Turn over
11 January 2025 | 7 replies
The law allows you to charge for ALL cleaning, including trash removal.
Emira K.
How to calculate recast?
7 January 2025 | 2 replies
Current monthly pymt is $2795 (including $640 escrow).
Dillon O.
Off Market Buyer/Seller Agent Commission -
3 January 2025 | 3 replies
The agent "worked" for 2 hours at the most including drive time to the closing.
Aaron Wolman
Looking to split utilities for the first time
19 January 2025 | 2 replies
I don't remember the exact cost when I did it but I remember thinking it was cheaper than expected.I didn't see a comment mentioning that you should just include utilities in the rent and increase it based off that so I'll be that guy.
Troy Smith
Refinance step of BRRR
13 January 2025 | 11 replies
Include before-and-after photos, receipts, and a list of all the work done.Curb Appeal: First impressions matter.
Gabe Chase
Best Amenity to Add?
30 December 2024 | 13 replies
Such luxury as indoor/outdoor pool, park for skateboard, tennis court, tiki bar with dance floor… of course if you need to think about the ROI and how much maintenance it takesBest ROI items are - big screen TV, hot tub, playground, PS5, BBQ…The issue is cheaper items require more maintenance.