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31 January 2025 | 170 replies
@Anna McClure Are you associated with Grocpitus?
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20 December 2024 | 28 replies
Deed holder is almost always named because its the easiest party to find...deed's are recorded and public.It also sounds like the Wyoming LLC is the deed holder and the transactional costs associated with re-titling the real estate is likely going to be more expensive than continuing to maintain the Wyoming LLC.
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15 December 2024 | 14 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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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31 December 2024 | 57 replies
It's 20 degrees where I am at.
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20 December 2024 | 10 replies
You should be well compensated for this effort and the associated risk.
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10 December 2024 | 1 reply
I've been finishing up my Financial Planning degree at the University of Alabama.
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20 December 2024 | 14 replies
What are the points or origination fees associated with the loan?
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11 December 2024 | 3 replies
I know the cost associated with a DSCR is much higher than with a Conventional loan but the commercial zoning may be problematic for Conventional.
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13 December 2024 | 24 replies
Building relationships with wholesalers and attending local Milwaukee REIA and Rental Property Association of Wisconsin meetups could surface off-market opportunities.
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25 December 2024 | 60 replies
the comparison really should not be to an existing home because you are doing development and the associated work and effort.