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23 January 2025 | 5 replies
Analyze properties by looking at gross rental income, operating expenses, and the debt service coverage ratio (DSCR above 1.25 for rentals).
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18 January 2025 | 1 reply
The bank will make you leave 25% equity in the property - but you also still want the property to at least cash flow some - so be careful how much equity you pull out / new debt you take on.I would do a cost benefit analysis of what your actual gain is in cash-flow on buying a new property with a (currently) higher interest rate (if financing), versus just holding on to the current appreciated property and enjoying that cash flow.All the best!
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29 January 2025 | 23 replies
Ambulance chasing attorneys know their way around and can legally navigate around Insurance Policies.
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15 January 2025 | 3 replies
For instance, if there was a total of $250K of debt on those properties that woud leave you with $350K of proceeds to use to purchase $600K of real estate.
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27 January 2025 | 56 replies
I've always been able to find my STR clients investments that are legal and whose numbers works.
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17 January 2025 | 3 replies
Your client should consult a real estate attorney to draft an agreement with the ex and ensure there are no legal or tax issues, especially since this is an investment property.
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28 January 2025 | 15 replies
If you are not out by the deadline or the property is damaged, this agreement will be void, and the Landlord will pursue legal means to evict and collect all unpaid rents, plus any other charges owed."
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7 February 2025 | 7 replies
The contract was a simple 3 page one and I wrote this in.Also, it is a single family being rented as a rooming house (which is technically not legal here).
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22 January 2025 | 12 replies
The number of DSCR (Debt Service Coverage Ratio) loans a lender will offer can vary depending on the lender, your financial situation, and the property cash flow.
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16 January 2025 | 15 replies
Seek legal advice, however, what I understand is that there are really two way to wholesale that is legal in the state of Arkansas.