Estee D.
Cost to treat bedbugs and garbage removal
20 January 2025 | 3 replies
Agree it is difficult to assess costs when they vary so much by location.Keep in mind that some turnovers are sickenly expensive, and that is just the nature of the business.
Abdul Hafeez Jamali
Lenders for foreign national investors
12 January 2025 | 17 replies
Hi @Abdul HafeezAs Ryan mentions it will vary depending on the deal.
David F.
Co-op appraisal valuation
24 January 2025 | 9 replies
Loan-to-value allowances vary, but seem to top out at 75-80%, and even that figure can be misleadingly optimistic in light of the appraisal difficulties (described below).
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).
Sam M.
Agent commission and making an offer
23 January 2025 | 4 replies
The commission can vary by agent.
Gil Canfu
🚨 Dallas Real Estate Investors - Need Your Insights! 🚨
28 January 2025 | 13 replies
As always, make sure to run the numbers carefully and factor in local property taxes and HOA fees, which can vary widely in North Texas.Delayed gratification is key in real estate investing, but with patience, the rewards can be life-changing.Best of luck with your search
Jason Munns
Canadian Lender Finder?
27 January 2025 | 5 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).
Tyler Sweet
Cryptocurrency and Real Estate
16 January 2025 | 6 replies
The process of buying real estate with crypto through a private seller will vary from seller to seller.
Carlyn Chism
Hard Money Lenders - Low Credit Score Refi options
14 January 2025 | 4 replies
The process can vary greatly so it's important to understand it and ensure it works for you.
Justin Treaster
Dallas Fort Worth wholesalers
15 January 2025 | 27 replies
Originally posted by @Travis Lemley:They will most likely vary significantly with flips being more expensive.