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Results (10,000+)
Michael Nguyen New to real estate. Should I create an LLC? How difficult is lending options?
21 November 2024 | 16 replies
This will vary by lender, but 60 days will cover seasoning for most.
Christian Gibbs What is the typical fee charged by property manager while rental is vacant?
25 November 2024 | 19 replies
One of the reasons I asked the question is that it seems strange to me that a property management wouldn’t take anything upfront if they inherited a house that wasn’t ready for rent .Our property management also does the cleaning ( deep clean over 4 days was $1000 but they had to deal with some nasty pet hair , fleas etc)and that included some cover up paint etc .One lesson learned here is every contract with owner : property management varied greatly it seems from what is needed .But moving forward - I feel that $500 a month on a $2100 a month property is too high once it’s rented - unless endless problems persist of course ..thanks for your insight!
Austin Wolff What's a good rental listing view-to-application ratio on FB Marketplace?
20 November 2024 | 4 replies
From what I've seen, the average view-to-application ratio on platforms like Facebook Marketplace can vary quite a bit, but a general ballpark is around 5-10%.
Janet Behm HAS-FSA Deadline is Year-End
14 November 2024 | 0 replies
Spend like cash for medical weight loss, hormone therapy, IV infusions, aesthetics, specialty treatments, supplements, and more!
Janet Behm HAS-FSA Deadline is Year-End
14 November 2024 | 0 replies
Spend like cash for medical weight loss, hormone therapy, IV infusions, aesthetics, specialty treatments, supplements, and more!
Pat Arneson Anxiety Over Rehab Costs
25 November 2024 | 23 replies
I’m sure the prices for things are out of date, but they were always going to vary by market anyway.
Kevin Akers What you need to know about relocating to Charlotte, NC
20 November 2024 | 6 replies
Northbound I-77 has a Quick Pass lane option, though it’s a toll lane with rates that vary based on time and traffic.
Nolan Ring 3/3 lenders have no idea about FHA loans
21 November 2024 | 10 replies
Max loan amount vary by property type for FHA3.
Allison Somera Thoughts on DSCR Loans for Investment Properties?
20 November 2024 | 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 = 1.23If 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).
Tessa Booth Black Friday Tool Shopping
13 November 2024 | 3 replies
Are you sure you are not just doing replacement therapy and you really should be buying a property?