Nithin Kumar
Suggestion for Rental Properties around Phoenix, AZ
28 January 2025 | 11 replies
Things to consider when buying a new build are appliances, fans, blinds, and back yard landscaping; sometimes we can get appliances included, it just depends on the situation.
Francis A.
California isn’t the only place where insurers are dropping homeowners
25 January 2025 | 9 replies
We now include insurance contingencies in offers for more areas, certainly around Tahoe, but also in other urban interface areas.
Mohamad Guene
Mobile home investment.
8 January 2025 | 3 replies
Challenges include depreciation in market value (i.e., mobile homes often lose value over time unless they are situated on owned land) and tenant turnover.However, tax advantages include depreciation deductions, which allow you to offset rental income by writing off the property's value over time, and cost segregation, which accelerates certain deductions.
Marisela Arechiga
To ADU or to Purchase Another?
14 January 2025 | 8 replies
Make sure you know the impact that adding an ADU will have on any rent control. 12) investors seldom include the land value in the overall ADU costs.
Jim Vasica
Painting pricing question
15 January 2025 | 6 replies
Be firm but fair, and don’t hesitate to ask about what’s included—like prep work and trim.
Noah Laker
TAXES: Divorced client wants to sell
17 January 2025 | 3 replies
The client will be solely responsible for capital gains taxes, including depreciation recapture, regardless of the agreement to share proceeds.
Mashal Choudhry
Wholesaling in arkansas
16 January 2025 | 15 replies
You must must disclose to the seller everything including that you are selling it to someone else and how much money you are selling it to that end buyer.
Scott Johnson
Scammed by "Estate Legal"
31 January 2025 | 20 replies
I have seen it backfire when companies attempt to get posts removed, including with legal threats.
Chrissy Smyth
Rental in depresses area and minimum requirements
8 January 2025 | 3 replies
Screening: Includes income verification and rental history verification.
Mary Holland
Hey everyone! Has anyone here gone through the application process for DSCR loans?
30 January 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).